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J Company has the following information for the year related to its job order costing system. Work-In Process - Beginning Inventory $ 18,000 Finished Goods
J Company has the following information for the year related to its job order costing system.
| Work-In Process - Beginning Inventory | $ 18,000 |
| Finished Goods - Beginning Inventory | 12,000 |
| Direct materials placed in production | 80,000 |
| Direct labor incurred | 190,000 |
| Actual manufacturing overhead incurred | 300,000 |
| Manufacturing overhead applied to production | 295,000 |
| Cost of jobs completed and transferred | 500,000 |
The cost of J Company's ending inventory of Work in Process is:
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Clinical Audit In Oral Pathology Laboratory A Wide Range Of Quality Improvement
Authors: Rudra Bhardwaj, Narendra Nath Singh, Sherin Nair
1st Edition
3330343052, 978-3330343054
