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Thing Co. uses a work order costing system. At the beginning of July, the company had the following business in progress: job 70 $27064 During

Thing Co. uses a work order costing system. At the beginning of July, the company had the following business in progress:

job 70

$27064


During the month of July, Thing Co. assumed the following business-related costs:

Direct Ingredients

direct workforce

job 70

3806 dollars

1008 dollars

job 80

12835

16483

job 90

8295

7612

Manufacturing overhead is charged at a rate of $3.17 per $1 direct labor cost. Jobs 70 and 90 moved into finished products during the month, but none were sold by the end of the month. Business 80 is still in progress.

What happens to the balance in Work in Process at the end of July?

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