for September: Added During September 1 3 Job Number order costing system. The following information was recorded September 1 Inventory $2,000 2,400 1,500 1,750 Direct Materials $300 250 1,500 4,000 a) What is the ending Work in Process inventory? b) What is the cost of goods manufactured for September? Direct Labour $200 300 150 400 The direct labour wage rate is $10 per hour. Overhead is applied at the rate of $5 per direct labour hour. Jobs 1, 2, and 3 have been completed and transferred to finished goods. Job 2 has been delivered to the customer

for September: Added During September 1 3 Job Number order costing system. The following information was recorded September 1 Inventory $2,000 2,400 1,500 1,750 Direct Materials $300 250 1,500 4,000 a) What is the ending Work in Process inventory? b) What is the cost of goods manufactured for September? Direct Labour $200 300 150 400 The direct labour wage rate is $10 per hour. Overhead is applied at the rate of $5 per direct labour hour. Jobs 1, 2, and 3 have been completed and transferred to finished goods. Job 2 has been delivered to the customer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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