%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.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Unit V question 8 part a 

%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.
Transcribed Image Text:%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.
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