[william batteau]

On January 1 2012 jackson company's work in process inventory account had a balance of 65,000 during 2012 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 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 363,240 were completed during 2012 the December 31, 2012 balance in work in process inventory is