What balance in work in process inventory is

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Question 1: On January 1, 20X5, Jackson Company's work in process inventory account had a balance of $65,000. During 20X5, materials requisitioned for use in production amounted to $70,000, of which $66,000 represented direct materials. Factory wages for the period were $209,000, of which $186,400 were for direct labor. Manufacturing overhead is allocated on the basis of 60% of direct labor cost. Actual overhead was $116,440. Jobs costing $353,240 were completed during 20X5. The December 31, 20X5, balance in work in process inventory is

Reference no: EM132515783

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