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Title: South Bay Manufacturing began business on January 1. During its first year of operation, South Bay ... Post by: H3Ko on Sep 7, 2016 South Bay Manufacturing began business on January 1. During its first year of operation, South Bay worked on five industrial jobs and reported the following information at year-end:
Job 1 Job 2 Job 3 Job 4 Job 5 Direct Materials 1,000 8,500 4,000 3,500 1,500 Direct Labor 12,000 20,100 13,000 12,000 800 Allocated Mfg. Overhead 1,700 6,600 2,500 7,500 200 Job completed: Jun 30 Sep 1 Oct 15 Nov 1 Not completed Job sold: Jul 10 Sep 12 Not sold Not sold N/A Revenues: 39,000 39,000 N/A N/A N/A South Bay's allocation of overhead costs left a debit balance of $1,400 in the Manufacturing Overhead account, which was adjusted to zero at year-end. What was the amount of gross profit earned during the year? A) $2,400 B) $22,900 C) $26,700 D) $28,100 Title: Re: South Bay Manufacturing began business on January 1. During its first year of operation, South ... Post by: Mrgo-breed on Sep 7, 2016 Content hidden
Title: Re: South Bay Manufacturing began business on January 1. During its first year of operation, South Bay ... Post by: H3Ko on Oct 12, 2016 YES! Can't believe I got this one right. Appreciate the confirmation
Title: Re: South Bay Manufacturing began business on January 1. During its first year of operation, South ... Post by: CON2187062 on Mar 2, 2021 thanks
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