contestada

Maysonet Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year.Work in ProcessBal. 1/1 18,000 CreditsDebits 520,000 Bal. 12/31 34,000
The cost of completed jobs transferred from Work in Process to Finished Goods during the year was :a)$504,000b)$572,000c)$520,000d)$538,000

Respuesta :

phamdiep1810

Answer:

The cost of completed jobs transferred from Work in Process to Finished Goods during the year was a)$504,000

Explanation:

The cost of completed jobs transferred from Work in Process to Finished Goods during the year = Credits Work in Process = Work in Process Bal. 1/1 + Debits Work in Process - Work in ProcessBal. 12/31

Maysonet Corporation provided they completed T-account summary for the past year: Work in Process Bal. 1/1 $18,000 Debits $520,000 Bal. 12/31 $34,000

The cost of completed jobs transferred from Work in Process to Finished Goods during the year = $18,000 + $520,000 - $34,000 = $504,000

Otras preguntas