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Job N1C was ordered by a customer on July 25. During the month of July, Polar Bear Corporation requisitioned $2,500 of direct materials and used
Job N1C was ordered by a customer on July 25. During the month of July, Polar Bear Corporation requisitioned $2,500 of direct materials and used $4,000 of direct labor. The job was not finished by the end of the month, but needed an additional $3,000 of direct materials and additional direct labor of $6,500 to finish the job in August. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of July relative to Job N1C?
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