Understanding work in process, finished goods, and cost of goods sold Oscoda Company is a manufacturing firm
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Understanding work in process, finished goods, and cost of goods sold Oscoda Company is a manufacturing firm that uses a job order costing system. Summarized data for jobs worked on during March, April, and May appear on the next page.
There were no jobs in production on March 1. Jobs completed in March were 101,102, and 103. Jobs 104,105,106, and 107 were completed during April. During May, jobs 108,109, and 110 were finished.
Jobs 101 and 103 were sold in March. During April, jobs 102,105, and 106 were sold. Jobs 107 and 109 were sold in May.
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