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NEED NOW Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in August:
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Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in August: Work in Process Balance, August 1 $10,600 Direct materials 86,180 Direct labor 92,960 Factory overhead 48,870 Jobs finished during August are summarized as follows: Job 210 $42,950 Job 216 26,250 Job 224 50,110 Job 230 90,670 a. Journalize the entry to record the jobs completed. b. Determine the cost of the unfinished jobs at August 31 Step by Step Solution
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