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    kesia's Avatar
    kesia Posts: 1, Reputation: 1
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    #1

    Mar 17, 2011, 04:53 PM
    Jackson company work in process inventory?
    On January 1, 2009, Jackson Company's work in process inventory account had a balance of $65,000. During 2009, materials requisitioned for use in production amounted to $70,000, of which $66,000 represented direct materials. Factory wages for the period were $209,000, of which $186,400 were for direct labor. Manufacturing overhead is allocated on the basis of 60% of direct labor cost. Actual overhead was $116,440. Jobs costing $353,240 were completed during 2009. The December 31, 2009, balance in work in process inventory is:

    A. $80,000

    B. $72,800

    C. $107,200

    D. $76,000
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #2

    Mar 17, 2011, 06:01 PM

    We don't do homework for people too lazy to try it for themselves first.

    THere are Rules for homework... read them.

    https://www.askmehelpdesk.com/financ...-b-u-font.html
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