Greek Products Company The following information pertains to Greek Products Company for September:
Greek Products Company applies overhead for Job #323 at 140 percent of direct labor cost and at 150 percent of direct labor cost for Jobs #325 and #401. The total cost of Jobs #323 and #325 is identical.
Refer to Greek Products Company Assume that Jobs #323 and #401 are incomplete at the end of September. What is the balance in Work in Process Inventory at that time?

Question

Greek Products Company The following information pertains to Greek Products Company for September:
 Greek Products Company applies overhead for Job #323 at 140 percent of direct labor cost and at 150 percent of direct labor cost for Jobs #325 and #401. The total cost of Jobs #323 and #325 is identical.
Refer to Greek Products Company Assume that Jobs #323 and #401 are incomplete at the end of September. What is the balance in Work in Process Inventory at that time?

Quizplus · Accepted Answer

The Answer of Greek Products Company The following information pertains to Greek Products Company for September:
 Greek Products Company applies overhead for Job #323 at 140 percent of direct labor cost and at 150 percent of direct labor cost for Jobs #325 and #401. The total cost of Jobs #323 and #325 is identical.
Refer to Greek Products Company Assume that Jobs #323 and #401 are incomplete at the end of September. What is the balance in Work in Process Inventory at that time?

Greek Products Company the Following Information Pertains to Greek Products