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Calculate the balance for work in process at the end of may

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Xyz company begins the month of March with $17k of work in process costs from job 324. Information from job costs sheets show the following additional costs assigned during match, April and May of 2020.

Manufacturing Costs Assigned

Job.          March.         April.         May

324.          $26k

325.          20k.             28k.    15k

326.           41k.           11k.

327.                             16k.         39k.

328.                                   34k.      51k

Job 324 was completed in March. Jobs 325 & 327 were completed in May, and job 326 was completed in April jobs Are sold during the month after completion. Total revenue for jobs sold during the 3 month period is $145k.

Question 1: Calculating the balance for work in process at the end of May.

Reference no: EM132605434

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