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current period, shows charges of $5,000 for direct materials, $8,000 for direct labor, and $6,000 for overhead on its Job Job W, which is
current period, shows charges of $5,000 for direct materials, $8,000 for direct labor, and $6,000 for overhead on its Job Job W, which is still in process at year-end, shows charges of $2,500 for direct materials and $4,000 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? 1b. How much overhead cost should be applied to Job W? 2. How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's financial statements at the end of the year? Complete this question by entering your answers in the tabs below. Required 1a Required 1b Required 2 Should any overhead cost be applied to Job W at year-end? Should any overhead cost be applied to Job W at year-end?
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