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Chapter 2 C Written Homework Job cost sheets for Buford Manufacturing are as follows: What was the balance in Work in Process on July 1

Chapter 2C Written Homework
Job cost sheets for Buford Manufacturing are as follows:
What was the balance in Work in Process on July 1 if these were the only two
unfinished jobs?
What was overhead rate in June if overhead was based on direct labor cots?
The overhead rate for July is 180% of DL cost, how much overhead will be applied to
each job and in total?
Assume Job 110 is complete at the end of July, what amount will be transferred to
finished goods?
Assume Job 111 is unfinshed at the end of July, what is the balance of Work In Process?
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