the work in process account for montys company


The Work in Process account for Monty's Company contained the following entries:
Work in Process Account
Debit of $40,000 for direct raw materials
Debit of $60,000 for direct labor
Debit of $30,000 for manufacturing overhead
Ending balance, $42,000, associated with Job #2

The company uses a job-order cost system.  Work was only performed on two jobs during the period.  

What was the cost of Job # 1, which was started and completed during the period?

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Managerial Accounting: the work in process account for montys company
Reference No:- TGS0211134

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