Two jobs during the period, Managerial Accounting

The Work in Process account for Monty's Company contained the following entries:
Work in Process Account
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 uses a job-order cost system.  Work was only performed on two jobs during the period.  

What was the cost of Job # 1, which was started and completed during the period?

Posted Date: 3/14/2013 8:22:07 AM | Location : United States

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