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Title: Deco Corporation uses a job costing system. On January 1, Deco Corporation's work in process invento Post by: bernie2981 on Nov 16, 2015 Deco Corporation uses a job costing system. On January 1, Deco Corporation's work in process inventory account had a balance of $75,000. During the year, materials requisitioned for use in production amounted to $120,000, of which $82,000 represented direct materials. Factory wages for the period were $231,000, of which $219,000 were for direct labor. Manufacturing overhead is allocated on the basis of 85% of direct labor cost. Actual overhead cost for the year was $125,000. Jobs costing $345,000 were completed during the year.
The December 31 work in process inventory balance is A) $168,000. B) $217,150. C) $426,000. D) $156,000. Title: Re: Deco Corporation uses a job costing system. On January 1, Deco Corporation's work in process inv Post by: nuclei on Nov 16, 2015 Content hidden
Title: Re: Deco Corporation uses a job costing system. On January 1, Deco Corporation's work in process ... Post by: Ishan Sinha on Sep 7, 2020 Thank You!
Title: Re: Deco Corporation uses a job costing system. On January 1, Deco Corporation's work in process ... Post by: brandon segovia on Feb 15, 2021 thank you
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