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b. Assume that Jobs 301 and 302 were completed but not sold during the week and that Job 303 remained incomplete at the end of
b. Assume that Jobs 301 and 302 were completed but not sold during the week and that Job 303 remained incomplete at the end of the week. How would the direct labor costs for all three jobs be reflected on the financial statements at the end of the week? The direct labor costs for the completed jobs would become part of the The direct labor costs for Job 303 would be remain part of the finished goods inventory work in process inventory cost of goods sold
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