The following transactions occurred this period for Larkspur Corp. as it created custom-order scented bubble bath: cost of labor, $16,300; cost of scented oils used, $9,800; and applied MOH, $7,200. Larkspur started the period with $4,900 in its WIP Inventory account. The total cost of jobs completed this period was $30,500. What is the ending balance of Larkspur's WIP Inventory account this period?

The following transactions occurred this period for Larkspur Corp. as it created custom-order scented bubble bath: cost of labor, $16,300; cost of scented oils used, $9,800; and applied MOH, $7,200. Larkspur started the period with $4,900 in its WIP Inventory account. The total cost of jobs completed this period was $30,500. What is the ending balance of Larkspur's WIP Inventory account this period?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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