A company, XYZ Manufacturing, specializes in custom-made furniture. They use job...
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Accounting
A company, XYZ Manufacturing, specializes in custom-made furniture. They use job order costing to track the costs of each job. At the beginning of the period, there was some work in progress from the previous period. During the period, they started and completed several jobs. The following information is available: The company applies a markup of 20% on the cost to determine the selling price. Calculate the following for XYZ Manufacturing: a) Cost of each job b) Cost of Goods Sold c) Ending Work in Process (WIP) d) Selling Price per Unit
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