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Job-order costing system

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Leija Manufacturing Company uses a job-order costing system and started the month of March with one job in process (Job #359). This job had $500 of cost assigned to it at this time. During March, Leija assigned production costs as follows to the jobs worked on during the month:

Job #359 Job #360 Job #361

Total cost jobs during March: $6,000 $8,100 $2,400

During March, Leija completed and sold Job #359. Job #360 was also completed but was not sold by month end. Job #361 was not completed by the end of March.

What is Leija's work in process inventory balance at the end of March?

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Solution Summary

This solution looks at a job order costing system and work in process inventory balance.

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As the job progresses in a job order costing system it goes from raw materials to work in process to finished goods inventory. ...

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