Question

In the Monroe Company, the following Job cards were totaled at the end of the month: Job 243 $5,750 Job 244 $4,980 Job 245 $3
0 0
Add a comment Improve this question Transcribed image text
Answer #1
Identification of completion stage of each Job :-
Job 243 = Finished at the beginning of the month
Job 244 = Finished at the beginning of the month
Job 245 = Completed and sent to finished goods
Job 246 = Work in progress at the end of month
Job 247 = Completed and sent to customers
Job 248 = Completed and sent to finished goods
So work in process is Job 246
Ending work in process inventory for the month is = $ 4,250/.
Answer is $ 4,250/.
Add a comment
Know the answer?
Add Answer to:
In the Monroe Company, the following Job cards were totaled at the end of the month:...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • In the Monroe Company, the following Job cards were totaled at the end of the month:...

    In the Monroe Company, the following Job cards were totaled at the end of the month: Job 243 $5,750 Job 244 $4,980 Job 245 $3,675 Job 246 $4,250 Job 247 $5,100 Job 248 $3,800 Jobs 243 and 244 were in Finished Goods Inventory at the beginning of the month. Jobs 245 and 246 were in Work-in-process at the beginning of the month. Jobs 247 and 248 were started during the month. At the end of the month, Jobs 243 and...

  • Sheffield Company begins operations on April 1. Information from job cost sheets shows the following. Job...

    Sheffield Company begins operations on April 1. Information from job cost sheets shows the following. Job Number © April $6,100 5,900 1,400 Manufacturing Costs Assigned Month May June Completed $6,200 May 5,800 $3,800 June April 5,100 5,600 June 6,800 4,600 Not complete NM + Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion. What is...

  • Following is partial information for Delamunte Industries for the month of August: Work In Process Balance,...

    Following is partial information for Delamunte Industries for the month of August: Work In Process Balance, August 1 $ 134,000 Direct materials used 114,800 Direct labor 163,000 Manufacturing overhead applied (based on direct labor cost) 152,000 Jobs finished during August are summarized here: Job # Cost of Jobs Completed 234 $ 59,950 237 28,800 231 47,000 246 20,000 Required: At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job...

  • Balance on 3/1 $ 5,000 5,000 $ 10,000 Work in Process Job 33 Job 34 Source...

    Balance on 3/1 $ 5,000 5,000 $ 10,000 Work in Process Job 33 Job 34 Source documents revealed the following during March: Materials Labor Time Tickets $ 5,700 3,800 2,800 2,500 $ 14,800 Requisitions Forms $ 2,800 3,900 3,300 1,100 $ 11,100 Status of Job at Month-End Completed and sold Completed, but not sold In process Job 33 Job 34 Job 35 Indirect The company applies overhead to products at a rate of 50 percent of direct labor cost. Required:...

  • Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job...

    Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Job A258 Job A260 $ 1,070 $ 630 $ $...

  • Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job...

    Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Job A258 Job A260 $ 1,020 $ 680 $ 0...

  • Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job...

    Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 $1,010 Job Job A257 A258 $ 670 $ 0 Job A260 $ 0 Beginning balance Charged to the jobs during October: Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of October Units sold during October $ 2,790 $3,900...

  • Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job...

    Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job Job Job Job A256 A257 A258 A260 $1,100 $ 580 $0 $ 0 Beginning balance Charged to the jobs during October Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of October Units sold during October $2,860 $4,050 $1,580 $3,770...

  • Exercise 15-10 Tierney Company begins operations on April 1. Information from job cost sheets shows the...

    Exercise 15-10 Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Month Number April May June Completed $7,200 $5,700 May 5,700 4,300 $3,600 June 1,600 April 6,000 5,500 June 6,100 3,800 Not complete Job 12 was completed in April, Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion. What is the...

  • Tierney Company begins operations on April 1. Information from job cost sheets shows the following Job...

    Tierney Company begins operations on April 1. Information from job cost sheets shows the following Job Number June 10 April $5,700 5,600 1,700 Manufacturing Costs Assigned Month May Completed $4,600 May 4,100 $2,200 June April 4,900 5,200 June 4,300 Not complete 12 14 6,400 Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion. What is...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT