Question
Job cost sheets for Blossom Manufacturing are as follows: Job No 210 Quantity 1,500 Date Direct Materials Direct Labor Manufacturing Overhead July 1 7,200 6,400
Job cost sheets for Blossom Manufacturing are as follows:
Job No 210 | Quantity | 1,500 | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Date | Direct Materials | Direct Labor | Manufacturing Overhead | ||||||||||
July | 1 | 7,200 | 6,400 | 9,600 | |||||||||
8 | 6,800 | ||||||||||||
10 | 8,000 | ||||||||||||
15 | 4,400 | ||||||||||||
25 | 16,000 |
Job No 211 | Quantity | 1,200 | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Date | Direct Materialsl | Direct Labor | Manufacturing Overhead | ||||||||||
July | 1 | 4,000 | 4,800 | 7,200 | |||||||||
10 | 7,200 | ||||||||||||
15 | 6,400 | ||||||||||||
20 | 5,600 | ||||||||||||
27 | 9,600 |
(a1)
What was the balance in Work in Process Inventory on July 1 if these were the only unfinished jobs?
Balance in Work in Process Inventory | $enter the balance in work in process inventory in dollars |
(a2)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(a3)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(a4)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(a5)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
Step by Step Solution
3.55 Rating (162 Votes )
There are 3 Steps involved in it
Step: 1
Answer To calculate the balance in Work in Process Inventory on July 1 ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started