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Needham Company uses a job-order costing system. During the month of September, the company worked on three jobs. The job-order cost sheets for the three
Needham Company uses a job-order costing system. During the month of September, the company worked on three jobs. The job-order cost sheets for the three jobs contained the following information at the end of September:
Beginning Balances Direct Materials Direct Labor JobA $4,900 1,900 3,300 Job B $3,900 2,500 5,500 Job C $6,900 2,900 2,700 The company applies overhead at 120% of direct labor cost. During September Job B was completed, and it was sold in October. At the end of September the total cost in Work in Process was: Multiple Choice $48,300. $29,800. $34,500. O None of these answer choices are correctStep by Step Solution
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