Williams Company began operations in June 2004. During that month, two jobs were started. The following costs

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Williams Company began operations in June 2004. During that month, two jobs were started. The following costs were incurred:

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Factory overhead is applied at 60% of direct labor cost. During the month, Job 101 was completed but not sold. Job 202 is yet to be completed.

Required:

a. Calculate the cost of the ending work-in-process inventory as of June 30, 2004.

b. Calculate the cost of the finished goods inventory as of June 30, 2004.

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Introduction To Management Accounting A User Perspective

ISBN: 9780130327505

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Authors: Michael L Werner, Kumen H Jones

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Williams Company began operations in June 2004. During that month, two jobs were started. The following costs

Question:

Direct material Direct labor Job 101 $3,000 Job 202 $4,000 6,000 7,000

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Introduction To Management Accounting A User Perspective

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