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Unformatted text preview: Sherborn Construction, Inc. Reconciliation of Work in process inventory Subsidiary and Control Accounts Total WIP Balance Completed, unsold house: Direct materials Direct labor Manufacturing overhead (40% of labor) Total cost equals Finished Goods balance Gross profit on Homes Sold In August Gross profit Sherborn Construction, Inc....
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This note was uploaded on 01/13/2012 for the course EAC 2221 taught by Professor Smith during the Spring '11 term at FIT.
- Spring '11