A service firm recorded the beginning and ending balances of Work in Process Inventory as $5,000 and $3,900 respectively. Direct Labor was $15,000, and Overhead allocated was $4,500.
What amount should be recognized as Cost of Services?

Question

A service firm recorded the beginning and ending balances of Work in Process Inventory as $5,000 and $3,900 respectively. Direct Labor was $15,000, and Overhead allocated was $4,500. 
What amount should be recognized as Cost of Services?

Quizplus · Accepted Answer

The Answer of A service firm recorded the beginning and ending balances of Work in Process Inventory as $5,000 and $3,900 respectively. Direct Labor was $15,000, and Overhead allocated was $4,500. 
What amount should be recognized as Cost of Services?

A Service Firm Recorded the Beginning and Ending Balances of Work