The following account appears in the ledger prior to recognizing the jobs completed in august: work in process balance, august 1 $ 60,000 direct materials 325,000 direct labor 462,000 factory overhead 210,000 show me how a. $290 per hour show me how b. $95,200 show me how 816 chapter 16 job order costing copyright 2018 cengage learning. all rights reserved. may not be copied, scanned, or duplicated, in whole or in part. wcn 02-200-203 jobs finished during august are summarized as follows: job 210 $197,800 job 224 $160,000 job 216 240,000 job 230 364,000 a. journalize the entry to record the jobs completed. b. determine the cost of the unfinished jobs at august 31

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.