Leija Manufacturing Company uses a job-order costing system and started the month of March with one job in process (Job #359). This job had $500 of cost assigned to it at this time. During March, Leija assigned production costs as follows to the jobs worked on during the month: During March, Leija completed and sold Job #359. Job #360 was also completed but was not sold by month end. Job #361 was not completed by the end of March.
-What is Leija's work in process inventory balance at the end of March?

Question

Leija Manufacturing Company uses a job-order costing system and started the month of March with one job in process (Job #359). This job had $500 of cost assigned to it at this time. During March, Leija assigned production costs as follows to the jobs worked on during the month:     During March, Leija completed and sold Job #359. Job #360 was also completed but was not sold by month end. Job #361 was not completed by the end of March. 
-What is Leija's work in process inventory balance at the end of March?

Quizplus · Accepted Answer

The ending work in process inventory consists of the $2,400 cost of Job #361,which was started but not completed during the month.The other two jobs were completed during the month and therefore are not part of the ending work in process inventory.

Leija Manufacturing Company Uses a Job-Order Costing System and Started