Business, 03.08.2019 06:10 vlactawhalm29

Southern industries uses job order costing. the following information was drawn from the company’s monthly accounting reports: job 1 job 2 job 3 direct materials $ 50 $ 60 $ 30 direct labor 20 30 10 southern applies overhead at the rate of 200% of direct labor costs. by the end of the month, both job 1 and job 2 had been completed and sold. job 3 was still in process. at month-end, what was the balance in the work in process inventory?

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Southern industries uses job order costing. the following information was drawn from the company’s m...

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