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Determine the cost of work-in-process inventory

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Reference no: EM132742942

Cervantes Industrial adopted an incentive plan for workers, paying them US $ 7.50 per hour. The following is a report on the hours worked by each of them during the week.

Name hours worked

Carlos Muñoz 38
Luis Ortega 36
Jorge Aracena 34
Víctor Medina 40
Ángel Collado 39

Problem 1: Calculate the gross salaries of the employees.

Problem 2: Determine the cost of work-in-process inventory.

Problem 3: Post payroll in journal.

Reference no: EM132742942

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