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Determine the cost of the unfinished jobs at january 31

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Reference no: EM13510634

The following account appears in the ledger after only part of the postings have been completed for January:

Work in Process
Balance, January............................. 1 $14,200
Direct materials................................. 115,400
Direct labor..................................... 124,500
Factory overhead................................ 65,400
Jobs finished during January are summarized as follows:
Job 710............ $62,500........... Job 727............. $ 35,400
Job 714.............. 75,600........... Job 732.............. 132,500

a. Determine the cost of jobs completed.

b. Determine the cost of the unfinished jobs at January 31.

Reference no: EM13510634

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