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Fairfield, Inc. uses job order costing. The firm began the month with a $2,000 balance in Work-in-process. During the month, Work in Process had the
Fairfield, Inc. uses job order costing. The firm began the month with a $2,000 balance in Work-in-process. During the month, Work in Process had the following events Direct materials used in production $82,400 Direct labor used in production $190,000 Manufacturing overhead incurred $301,000 Manufacturing overhead allocated to production $295,900 Cost of jobs completed and transferred out $501.000 The balance in Work-In-Process at the end of the month is DA A credit balance of $2,000 B. A debit balance of $69,300 A debit balance of $2,000 D. A credit balance of $69,300
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