Question
3. The information below is taken from the job cost sheets of XYZerd Co.: Job Number Manufacturing Costs as of Oct. 31 Manufacturing Costs in
3. The information below is taken from the job cost sheets of XYZerd Co.:
Job Number | Manufacturing Costs as of Oct. 31 | Manufacturing Costs in November |
350 | $11,955 |
|
351 | $8,910 |
|
352 | $2,375 | $5,593 |
353 | $6,522 | $10,279 |
354 | $2,128 | $5,573 |
355 | $2,600 | $3,987 |
356 |
| $9,231 |
During November, job numbers 352 ,353,354 were completed and job numbers 350, 351 and 352 were delivered to customers. Jobs no. 355 and 356 are still in process at November 30. From this information, compute the following:
1) What is the work in process inventory at October 31?
2) What is the finished goods inventory at October 31?
3) What is the cost of goods sold during November?
4) What is the work in process at November 30?
5) What is the finished goods inventory at November 30?
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