The Lee Company uses a job-order costing system. The following data were recorded for June: Overhead is charged to production at 80% of direct materials cost. Jobs 235, 237, and 238 were completed during June and transferred to finished goods. Jobs 235 and 238 have been delivered to customers.
-Lee's Work in Process inventory balance on June 30 was:

Question

The Lee Company uses a job-order costing system. The following data were recorded for June:  Overhead is charged to production at 80% of direct materials cost. Jobs 235, 237, and 238 were completed during June and transferred to finished goods. Jobs 235 and 238 have been delivered to customers.
-Lee's Work in Process inventory balance on June 30 was:

Quizplus · Accepted Answer

The Answer of The Lee Company uses a job-order costing system. The following data were recorded for June:  Overhead is charged to production at 80% of direct materials cost. Jobs 235, 237, and 238 were completed during June and transferred to finished goods. Jobs 235 and 238 have been delivered to customers.
-Lee's Work in Process inventory balance on June 30 was:

The Lee Company Uses a Job-Order Costing System