Jesse designs web sites and uses job order costing. on september 1, jesse’s work in process account had a beginning balance of $14,400. his finished goods inventory account had a beginning balance of $8,200. during september, jesse completes all of the jobs in his beginning work in process and starts and completes two more jobs totaling $5,000. he also starts one additional job, job 850, which is still incomplete at the end of september. the job cost sheet for job 850 shows direct material costs of $800, direct labor costs of $500, and overhead of $650. what is the balance in jesse’s work in process inventory account at the end of september?

Work in Process Inventory account at the end of September is $1,950

Explanation:

As all jobs at the beginning of september in the balance of Work in progress were finished, it's costs are now in Finished Goods Inventory. So are too, the two jobs started and finished during September. The Works in Process account records materials, labor and structure costs of order not finished yet at the end of the month.

At the end of september only Job 850 is not finished. The sum of materials, direct labor and overhed that is $1.950, is the balance of Work in Process Inventory account at the end of September.

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