Terra Mesa Manufacturing uses a job order cost system to account for its production of specialty patio furniture.On June 30, the company had the following balances in its accounts: On June 30, the total of all open job cost sheets would be

Question

Terra Mesa Manufacturing uses a job order cost system to account for its production of specialty patio furniture.On June 30, the company had the following balances in its accounts:  On June 30, the total of all open job cost sheets would be

Quizplus · Accepted Answer

The total of all open job cost sheets would be the sum of the balances in the Work in Process account, which is $612,320 ($194,000 + $137,680 + $280,640).

Terra Mesa Manufacturing Uses a Job Order Cost System to Account