The information below was taken from the job cost sheets of Igmund Manufacturing. During July, jobs no.

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The information below was taken from the job cost sheets of Igmund Manufacturing.

During July, jobs no. 103 and 104 were completed, and jobs no. 101, 102, and 104 were delivered to customers. Jobs no. 105 and 106 are still in process at July 31. From this information, compute the following.

a. The work in process inventory at June 30.

b. The finished goods inventory at June 30.

c. The cost of goods sold during July.

d. The work in process inventory at July 31.

e. The finished goods inventory at July 31.

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Financial And Managerial Accounting The Basis For Business Decisions

ISBN: 9781260247930

19th Edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Question Posted: Jun 15, 2022 02:46 AM

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The information below was taken from the job cost sheets of Igmund Manufacturing. During July, jobs no.

Question:

Job Number 101 102 103 104 105 106 Manufacturing Costs as of June 30 $6,600 5,280 960 4,080 Manufacturing Costs in July $3,600 7,200 8,400 2,900

Step by Step Answer:

a 5040 960 4080 jobs no 103 and 104 b ...View the full answer

Financial And Managerial Accounting The Basis For Business Decisions

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