Renton Custom Windows produces custom windows for business and residential customers who supply Renton with architectural specifications.

At the start of 2011, three jobs were in process:

Cost incurred as of 1/1/2011

Job 258…………...$4,500

Job 259……………..5,500

Job 260……………..3,000

Also at the start of 2011, one job was completed and awaiting shipment:

Cost incurred as of 1/1/2011

Job 257……….…..$8,500

During 2011, the company incurred the following costs:

Direct material…......................$ 700,000

Direct labor…...........................1,600,000

Manufacturing overhead …....2,100,000

At the end of 2011, two jobs were in process:

Cost incurred as of 12/31/2011

Job 345…………..$2,100

Job 346…….………5,200

In addition, four jobs were completed and awaiting shipment:

Cost incurred as of 12/31/2011

Job 341……………$1,200

Job 342……….…… 3,100

Job 343…….……… 2,400

Job 344…….……… 4,500

Required

a. What are the beginning and ending balances in Work in Process?

b. What are the beginning and ending balances in Finished Goods?

c. What is Cost of Goods Sold? What job numbers likely relate to the balance in Cost of Goods Sold?