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Assume a company worked on four jobs during June: Jobs W, X, Y, and Z. At the end of June, the job cost sheets
Assume a company worked on four jobs during June: Jobs W, X, Y, and Z. At the end of June, the job cost sheets for these four jobs contained the following data: Job W Job X Job Y Job Z Beginning balance $80 $ 120 $ 90 $ 140 Charged to the jobs during June: Direct materials $ 195 $ 80 $ 105 $ 120 Direct labor $ 90 $ 50 $ 70 $ 100 Manufacturing overhead applied $ 45 $ 25 $ 35 $ 50 Units completed 0 100 50 82 Units sold during June 0 100 0 30 Jobs X, Y, and Z were completed during June. Job W was incomplete at the end of June. There was no finished goods inventory on June 1 and the company's total manufacturing overhead applied always equals its total actual manufacturing overhead. The work in process inventory balance at the end of June is closest to: Multiple Choice. $480. $380.
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