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Business, 06.05.2021 15:40 dperdomo0015

Matthew Company uses a job costing system. On January 1, 20X9, Matthew Company's work in process inventory account had a balance of $30,000. During 20X9, $58,000 of direct materials were placed into production and manufacturing wages incurred amounted to $84,000, of which $66,000 were for direct labor. Manufacturing overhead is allocated on the basis of 120% of direct labor cost. At the end of 20X9, actual manufacturing overhead cost was $90,000. Jobs costing $220,400 were completed during 20X9. What is the December 31, 20X9, balance in work in process inventory

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Matthew Company uses a job costing system. On January 1, 20X9, Matthew Company's work in process inv...
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