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California State University Chico Operations And Supply Chain Management Assignment Help - Stine Company

Question - E2-2: Stine Company uses a job order cost system. On May 1, the company has a balance in Work In
Process Inventory of $3,500 and two jobs in process: Job No. 429 $2,000, and Job No. 430 $1,500.
During May, a summary of source documents reveals the following.
Job Number---------- Materials Requisitions Slips------------------------------- Labor Time Tickets
429 --------------------------$2,500 --------------------------------------------------------$1,900
430 --------------------------$3,500 --------------------------------------------------------$3,000
431------------------------ +$4,400------------------------------------------------------- + $7,500
-------------------------------$10,400 --------------------------------------------- ...Read More

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