Question
Recording jobs completed The following account appears in the ledger after only part of the postings have been completed for October: Work in Process Balance,
Recording jobs completed
The following account appears in the ledger after only part of the postings have been completed for October:
| Work in Process | ||
| Balance, October 1 | $12,360 | |
| Direct materials | 84,050 | |
| Direct labor | 100,120 | |
| Factory overhead | 55,620 | |
Jobs finished during October are summarized as follows:
| Job 1004 | $45,390 |
| Job 1030 | 27,740 |
| Job 1037 | 52,950 |
| Job 1041 | 88,250 |
a. Determine the cost of jobs completed. $
b. Determine the cost of the unfinished jobs at October 31
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Business Finance 101 Monopolies Accounting Audits And Blockchain
Authors: Louis Bevoc
1st Edition
1791808182, 978-1791808181
