Country Home Decorative Arts, Inc., began operations in July 200X. During that month, two jobs...
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Country Home Decorative Arts, Inc., began operations in July 200X. During that month, two jobs were started. The following costs were incurred: 26. Job 2 Job 1 $4,000 $6,000 Direct Material Direct Labor $2,000 $3,000 Factory overhead is applied at 40% of direct labor cost. During the month, Job 1 was completed but not sold. Job 2 is yet to be completed. Required: SHOW YOUR WORK A. Calculate the cost of the ending work-in-process inventory as of July 31, 200X B. Calculate the cost of the finished goods inventory as of July 31, 200X
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