Question: The Samuelson Company uses a job-order costing system. The following data were recorded for June: Added During June Job Number Work in Process Inventory, June


The Samuelson Company uses a job-order costing system. The following data were recorded for June: Added During June Job Number Work in Process Inventory, June 1 Direct Materials Direct Labour 475 $1,000 $400 $200 476 9001 600 800 477 800l 900 1,400 478 600l 1,000 1,900 Overhead is charged to production at 70% of the direct materials cost. Jobs 475, 477, and 478 have been delivered to the customer. What was Samuelson's Work in Process inventory balance for Job 476 on June 302 $6,450 $2,860 $2,300 $2,720
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