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Concord Church Furniture manufactures custom pews, altars, and pulpits for churches across the southern United States. Since each order is unique, Concord uses a job
Concord Church Furniture manufactures custom pews, altars, and pulpits for churches across the southern United States. Since each
order is unique, Concord uses a job order costing system. During the month of June, Concord worked on orders for three churches:
Faith Church, Grace Church, and Hope Church. Production on the Faith and Grace orders began in May, and the Faith job was
completed in June. Production on the Hope order began in June and was incomplete at the end of the month. Concord applies
overhead to each job based on machine hours. Prior to the year, managers had estimated manufacturing overhead at $ along
with machine hours. Additional cost information related to the three orders is as follows:
What is the balance in concords work in process inventory account at the end of june?
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