The company uese a job-order cost system. work was only, Ask an Expert

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The work in progess account for Monty's Company contained the following entries:

Debit of $40,000 for direct raw materials
Debit of $60,000 for direct labor
Debit of $30,000 for manufacturing overhead
ending balance $42,000 associated with Job #2

The company uese a job-order cost system. Work was only performed on two jobs during the period. What was the cost of Job?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M991536

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