Jesse designs web sites and uses job order costing. On September 1, Jesse's Work in Process account had a beginning balance of $14,400. His Finished Goods Inventory account had a beginning balance of $8,200. During September, Jesse completes all of the jobs in his beginning Work in Process and starts and completes two more jobs totaling $5,000. He also starts one additional job, Job 850, which is still incomplete at the end of September. The job cost sheet for Job 850 shows direct material costs of $800, direct labor costs of $500, and overhead of $650. What is the balance in Jesse's Work in Process Inventory account at the end of September?
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Home » Business » Jesse designs web sites and uses job order costing. On September 1, Jesse's Work in Process account had a beginning balance of $14,400. His Finished Goods Inventory account had a beginning balance of $8,200.