Jorst Manufacturing began business on January 1, 2015. During its first year of operation, Jorst worked on five industrial jobs and reported the following information at year-end: At year-end, what was the balance in Work-in-Process Inventory?

Question

Jorst Manufacturing began business on January 1, 2015. During its first year of operation, Jorst worked on five industrial jobs and reported the following information at year-end:  At year-end, what was the balance in Work-in-Process Inventory?

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The Answer of Jorst Manufacturing began business on January 1, 2015. During its first year of operation, Jorst worked on five industrial jobs and reported the following information at year-end:  At year-end, what was the balance in Work-in-Process Inventory?

Jorst Manufacturing Began Business on January 1, 2015