Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
H3Ko H3Ko
wrote...
Posts: 4891
7 years ago
Jupiter Manufacturing began business on January 1. During its first year of operation, Jupiter 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   7,500   4,000   3,500   1,700
Direct Labor   12,000   20,000   13,000   12,000   700
Allocated Mfg. Overhead   1,500   6,000   2,500   7,500   400
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:   25,000   39,000   N/A   N/A   N/A

What was the balance in Work-in-Process Inventory at year-end?
A) $2,100
B) $2,400
C) $1,100
D) $2,800
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 1234 times
10 Replies
Replies
Answer verified by a subject expert
TanksTanks
wrote...
Top Poster
Posts: 1274
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

H3Ko Author
wrote...
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
wrote...
4 years ago
thank you
wrote...
4 years ago
thank you
wrote...
3 years ago
Thank you!
wrote...
3 years ago
Thank you
wrote...
3 years ago
Thank you
wrote...
3 years ago
Thank you!!!
wrote...
3 years ago
Thank you
wrote...
2 years ago
thanks you
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  922 People Browsing
Related Images
  
 8
  
 631
  
 269
Your Opinion
What's your favorite funny biology word?
Votes: 156