AI - E H EAutoSaveNormalDocument1 - WordSearchbadiya aldujailiffBАENFileHomeInsertDrawDesignLayoutReferencesMailingsReviewViewHelpA ShareO CommentsX CutCalibri (Body) 11- A A Aav A E EAaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDaO Find -A CopyPasteS ReplaceВ IUvab х, х* АI Normal1 No Spac. Heading 1Heading 2TitleSubtitleSubtle Em..A Select vDictateEditorFormat PainterClipboardFontParagraphStylesEditingVoiceEditor1.247Use the following information to answer the next 3 questionsKite Corp. manufactures custom cabinets and uses a job-order costing system. The company hadtwo jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700and Job No. 65 with a total beginning cost of $83,300.The company applies manufacturing overhead on the basis of machine hours. Budgeted overheadand machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours.The company worked on four jobs during the month of October. Direct materials, direct laborincurred, and machine hours consumed were as follows:Direct Labor$35,000$22,000$65,000$ 8,800Job No.Direct MaterialMachine Hours64$21,0001,50090065$44,000$15,000662,00067200Indirect production costs incurred during October included charges for depreciation ($34,000),indirect labor ($68,000), indirect materials ($5,000), and other factory costs ($139,100). Kite Corp.completed Job No. 64 and Job No. 66 during October. Job 64 was sold on October 22nd.3.What is the balance in work in process at the end of October?a. $104,100 b. $129,100 c. $249,400 d. $187,400 e. $153,000 f. $130,200 g. $402,400 h. None of theabovePage 1 of 132 wordsEnglish (United States)D Focus100%8:40 PMO Type here to searchENG3/11/2021

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Work-in-progress (WIP) The cost of unfinished goods in the manufacturing process is called Work in…

Answered: What is the balance in work in process…

Business

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What is the balance in work in process at the end of October? la. $104,100 b. $129,100 c. $249,400 d. $187,400 e. $153,000 f. $130,200 g. $402,400 h. None of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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