Speace Automotive Security converts regular automobiles to armored cars. Each car is custom made to conform to the needs of each individual customer. Modifications may be as minor as the addition of bullet-resistant windows or as extravagant as full armor. The following information is presented for March 2004.

Beginning work-in-process inventory:

Job 2727 was completed and sold in March, and Job 2728 was not complete as of March 31.
Required:

a. What is the cost of the beginning work-in-process inventory for March 2004?

b. What is the cost of the ending work-in-process inventory for March 2004?

c. 1. What is the cost of Job 2727?
2. How would Job 2727 appear on the March 2004 financial statements?

Transcribed Image Text:

Job 2727 Cost for current month: Direct material Direct labor $24,000 9,000 Manufacturing overhead 5,400 Job 2727 Job 2728 Direct Material $ 8,000 11,000 Overhead Direct Manufacturing Labor $4,000 6,000 $2,400 3,600 Job 2727 was completed and sold in March, and Job 2728 was not complete as of March 31.