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Megan Company uses job-order costing. At the end of the month, the following data was gathered: Job # 803 804 Total Cost $500 200 Complete?
Megan Company uses job-order costing. At the end of the month, the following data was gathered: Job # 803 804 Total Cost $500 200 Complete? yes Sold? yes yes no 805 900 no no yes 600 400 yes yes 330 no no 806 807 808 809 810 811 812 yes yes no 600 680 225 440 no no Megan's selling price is cost plus 40% for each of its products. What is the total in the work-in-process (WIP) account? a. $1,840 b. $1,170 c. $2,500 d. $1,700 e. $1,895 The unit cost of a job consists of the total costs of a. labor worked on the job. Ob. materials used on the job. Oc. applied overhead. d. All of these choices are correct. Oe. None of these choices are correct
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