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The following transactions occurred this period for Larkspur Corp. as it created custom-order scented bubble bath: cost of labor, $16,300; cost of scented oils used, $9,800; and applied MOH, $7,200. Larkspur started the period with $4,900 in its WIP Inventory account. The total cost of jobs completed this period was $30,500. What is the ending balance of Larkspur's WIP Inventory account this period?

The following transactions occurred this period for Larkspur Corp. as it created custom-order scented bubble bath: cost of labor, $16,300; cost of scented oils used, $9,800; and applied MOH, $7,200. Larkspur started the period with $4,900 in its WIP Inventory account. The total cost of jobs completed this period was $30,500. What is the ending balance of Larkspur's WIP Inventory account this period?

FINANCIAL ACCOUNTING
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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The following transactions occurred this period for Larkspur Corp. as it created custom-order scented bubble bath: cost of labor, $16,300; cost of scented oils used, $9,800; and applied MOH, $7,200. Larkspur started the period with $4,900 in its WIP Inventory account. The total cost of jobs completed this period was $30,500. What is the ending balance of Larkspur's WIP Inventory account this period? Ending balance in WIP Inventory account $
Transcribed Image Text:The following transactions occurred this period for Larkspur Corp. as it created custom-order scented bubble bath: cost of labor, $16,300; cost of scented oils used, $9,800; and applied MOH, $7,200. Larkspur started the period with $4,900 in its WIP Inventory account. The total cost of jobs completed this period was $30,500. What is the ending balance of Larkspur's WIP Inventory account this period? Ending balance in WIP Inventory account $
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