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a firm uses job costing and recovers overheads on direct labour bas
JOB 1 JOB 2 JOB 3
opening work in progress 8500$ 0$ 4600$
material in period 17150$ 29025$ 0$
labour for period 12500$ 23000$ 4500$
the overhead for period were exactly as budgeted,140,000$
jobs 1 and 2 were the only incomplete jobs
what is the closing work in progress?
these kind of questions are really hard for me to understand and solve,it would be a great help if you would explain this to me in detail
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