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Jupiter Manufacturing began business on January 1. During its first year of operation, Jupiter worked on five industrial jobs and reported the following information at

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Jupiter Manufacturing began business on January 1. During its first year of operation, Jupiter worked on five industrial jobs and reported the following information at year-end: Job 1 Job 2 Job 3 Job 4 Job 5 Direct Materials $1.000 $7.500 $4,000 $3,500 $1800 Direct Labor 12,000 20,000 13,000 12.000 900 Allocated Mfg. Overhead 1.500 6,000 2.500 7.500 200 Not Job completed: Jun 30 Sep 1 Oct 15 Nov 1 completed Job sold: Jul 10 Sep 12 Not sold Not sold N/A Revenues: $25,000 $39.000 N/A N/A N/A Required: Compute year end balances for (1) Work in Process Inventory and (2) Finished Goods Inventory Edit View Insert Format Tools Table 12o Paragraph BIMA TV

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