Webb Company. Webb Company uses a job-order costing system and the following information is available from its records.The company has three jobs in process: #6,#9,and #13.
Direct material was requisitioned as follows for each job respectively: 30 percent,25 percent,and 25 percent; the balance of the requisitions was considered indirect.Direct labor hours per job are 2,500; 3,100; and 4,200; respectively.Indirect labor is $33,000.Other actual overhead costs totaled $36,000.
Refer to Webb Company.If Job #13 is completed and transferred,what is the balance in Work in Process Inventory at the end of the period if overhead is applied at the end of the period?
Definitions:
Personal Perception
An individual's understanding or interpretation of the world around them, influenced by their emotions, experiences, and expectations.
Self-evaluation
A process where an individual assesses their own performance, skills, or qualities.
Self-actualization
The attainment of personal talents and possibilities, viewed as a basic urge in all individuals.
Individualized Perception
The concept that each person interprets and understands information differently based on their own experiences and personal characteristics.
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