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Overly Corporation uses a job-order costing system and has provided the following partially ...

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Overly Corporation uses a job-order costing system and has provided the following partially ...

Overly Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year.

Work in Process
Debit		Credit
Balance 1/1	16,000	Credits	?
Debits	555,000
Balance 12/31	28,000

Required:
What was the cost of completed jobs transferred from Work in Process to Finished Goods during the year?

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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