%24 Crane Company begins operations on July 1, 2022. Information from job cost sheets shows the following: Manufacturing Costs Assigned Job No. July August September $9,840 $7,216 7,954 59,840 102 4,100 104 4,756 5,740 Job 102 was completed in July. Job 100 waS completed in August, and Jobs 101 and 103 were completed in September. Each job wa5 sold for 60% above its cost in the month following comnpletion, (e) Compute the balance in Work in Process Inventory at the end of July. Balance in Work in Process Inventory eTextbook and Media Attempts: 0 of 3used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above.
%24 Crane Company begins operations on July 1, 2022. Information from job cost sheets shows the following: Manufacturing Costs Assigned Job No. July August September $9,840 $7,216 7,954 59,840 102 4,100 104 4,756 5,740 Job 102 was completed in July. Job 100 waS completed in August, and Jobs 101 and 103 were completed in September. Each job wa5 sold for 60% above its cost in the month following comnpletion, (e) Compute the balance in Work in Process Inventory at the end of July. Balance in Work in Process Inventory eTextbook and Media Attempts: 0 of 3used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 4P
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Unit V question 8 part a
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