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Job Costs Using a Plantwide Overhead Rate June, Perrin Company worked on four jobs. Data relating to these four jobs follow: accepts delivery and pays.
Job Costs Using a Plantwide Overhead Rate
June, Perrin Company worked on four jobs. Data relating to these four jobs follow:
accepts delivery and pays. Jobs and remain unfinished at the end of the month.
Required:
Calculate the balance in Work in Process as of June
Calculate the balance in Finished Goods as of June
Calculate the cost of goods sold for June.
Calculate the price charged for Job Round your answer to two decimal places.
$
What if the customer for Job was able to pay for the job by June What would happen to the balance in Finished Goods?
What would happen to the balance of Cost of Goods Sold?
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