Question
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 contain the following data: Beginning balance Job $ 80 Job x $120 Job Y Job $ 90 $140 Charged to the jobe during June: Direct materials $140 $ 80 $105 $120 Direct labor $ 90 $ 50 $ 70 $100 Manufacturing overhead applied $45 $ 25 $ 35 $ 50 Unita completed 100 50 02 Units sold during June 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 $425.
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