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Watson Manufacturing Company employs a job order cost accounting system and keeps perpetual inventory records. The following transactions occurred in the first month of operations: 1. 2. 3. 4. 5. (a). (b1) (62) (b3) Direct materials requisitioned during the month: $20,000 Job 101 Job 102 Job 103 Job 102 Job 103 Direct labor incurred and charged to jobs during the month was: Job 101 $32,000 costs. 16,000 24,000 $60,000 Work in process inventory $ 28,000 Manufacturing overhead was applied to jobs worked on using a predetermined overhead rate based on 75% of direct labor 20,000 $80,000 Actual manufacturing overhead costs incurred and paid during the month amounted to $66,000. Job 101 consisting of 1,000 units and Job 103 consisting of 200 units were completed during the month. What is the balance in Work In Process Inventory at the end of the month?

Watson Manufacturing Company enploys a job order cost accounting system and keeps perpetual imventory records. The followine transactions occurred in the first month of operations 1. Direct materials requisitioned during the month. 2. Direct labor incurred and charged to pos during the month was: 3. Manufacturinc overhead was applied to jobs worked en using a predetermined overhead rate based an 75% of direct labor costs. 4. Actual manufacturing overhead costs incurred and paid during the month amounted to $66,000. 5. Job 101 conshtins of 1.000 units and Job 103 consisting of 200 units were completed during the month. (a) (b1) (b2) (b3) What is the balance in Work in Process imventory at the end of the month? -Workin process inwentory

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