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Compute the ending balance in the work-in-process account

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Reference no: EM132871322

Problem - During August, Leming Inc. worked on two jobs. Data relating to these two jobs follow: Overhead is assigned on the basis of direct labor hours at a rate of $11. During August, Job 64 was completed and transferred to Finished Goods. Job 65 was the only unfinished job at the end of the month.

Required - Compute the ending balance in the work-in-process account.

Reference no: EM132871322

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