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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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- Spring '11
- Supply chain management terms, 40%, 45 min, Sherborn Construction