he This Question: 1 pt 19 of 40 (15 complete) This Test: 40 pts possible Jupiter
ID: 2432321 • Letter: H
Question
he This Question: 1 pt 19 of 40 (15 complete) This Test: 40 pts possible Jupiter Manufacturing began business on January 1. During its first year of operation, Jupiter worked on five industrial jobs and reported the following information at year-end: o Direct Materials Direct Labor Allocated Mfg. Overhead Job 1 Job2Job 3Job4 Job 5 $1,000 $7,500 $4,000 $3,500 $1,600 800 400 12,000 20,000 13,000 12,000 1,500 6,000 2,500 7,500 es Not Jun 30 Jul 10 $25,000 Sep 1 Sep 12 $39,000 Oct 15Nov 1 Not sold N/A completed N/A N/A fou Job completed Job sold: Revenues Not sold N/A fR What was the balance in Work-in- Process Inventory at year -end? -ba OA. $2,000 S OB. $2,400 det O c. $1,200 O D. $2,800 ol ne col Click to select your answer.Explanation / Answer
Answer : D. $2800 => Year end WIP Inventory (incomplete Job 5) = DM+DL+AMO=1600+800+400 = $2800
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