The balance in the WIP account on July 1 was $18,200 and on July 31 was...
Homework Answers
Ans:
Total manufacturing costs : Cost of goods completed during July + Ending WIP - Opening WIP
Cost of goods completed during July : $125,230
Ending WIP : $15,120
Opening WIP : $18,200
Total manufacturing costs : $125,230 + $15,120 - $18,200 = $122,150
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