Jorst Manufacturing Company began business on January 1, 2012. During its first year of operation, Jorst worked on 5 industrial jobs, and reported the following information at year-end: At year-end, what was the balance in Work in process?

Question

Jorst Manufacturing Company began business on January 1, 2012. During its first year of operation, Jorst worked on 5 industrial jobs, and reported the following information at year-end:  At year-end, what was the balance in Work in process?

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The Answer of Jorst Manufacturing Company began business on January 1, 2012. During its first year of operation, Jorst worked on 5 industrial jobs, and reported the following information at year-end:  At year-end, what was the balance in Work in process?

Jorst Manufacturing Company Began Business on January 1, 2012