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Bryant Company designs and builds fancy dining room tables for individual customers. On July 1, there were two jobs in process: Job 391 with a beginning balance of $21,700 and Job 392 with a beginning balance of $8,790. Overhead costs are applied by using a rate of 70% of direct labor costs. Both jobs are unfinished on July 31. Data on July costs for both jobs are as follows:

	Job 391	Job 392
Direct materials	$5,100	$ 9,200
Direct labor cost	2,700	11,000

What is the total of the work-in-process account at July 31?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9963433

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