On January 1, Jackson, Inc's Work-in-Process Inventory account showed a balance of $65,800
During the year, materials requisitioned for use in production amounted to $70,900, of which $67,400 represented direct materials. Factory wages for the period were $209,000 of which $186,600 were for direct labor. Manufacturing overhead is allocated on the basis of 60% of direct labor cost. Actual overhead was $116,340. Jobs costing $353,220 were completed during the year. The December 31 balance in Work-in-Process Inventory is ________.
A) $65,800
B) $319,800
C) $431,760
D) $78,540
D .
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What will be an ideal response?
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A. surveys B. panel research C. interviews D. focus groups E. case studies
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