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What was the balance in WIP Inventory at the end of August? Ending balance in WIP Inventory $_______ In its job costing system, Martinez Co.
What was the balance in WIP Inventory at the end of August?
Ending balance in WIP Inventory $_______
In its job costing system, Martinez Co. applies MOH to jobs using a budgeted MOH rate based on DL dollars. The rate, which is 200% of DL dollars, was calculated last December and will be used throughout the current year. On August 1, Martinez had one job, #150, in process, with DM costs of $3,400 and DL costs of $4,400. During August, direct material and direct labor costs were added to Job #150, as well as new Jobs #151 and #152, as follows. Actual MOH cost for the month of August was $29,800. During the month, Martinez completed Jobs #150 and #151Step by Step Solution
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