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A manufacturer began operations on April 1 and reports the information below. All jobs are sold for 20% above cost. Manufacturing conte Job Status
A manufacturer began operations on April 1 and reports the information below. All jobs are sold for 20% above cost. Manufacturing conte Job Status at May 31 Completed and sold during May Job number April $ 860 710 May $ 2,180 1,900 In process 2,690 460 3,660 In process 1,260 535 Completed but not sold Completed and sold during May 1. Compute the May 31 balance in (a) Work in Process Inventory and (b) Finished Goods Inventory. 2. Compute gross profit for May. Complete this question by entering your ariswers in the tabs below. Required 1A Required 18 Required 2 Compute the May 31 balance in Work in Process Inventory. Work in Process Inventory Total Total $ A manufacturer began operations on April 1 and reports the information below. All jobs are sold for 20% above cost. Manufacturing costs Job Status at May 31 Completed and sold during May In process Job number April $ 860 710 May $ 2,180 1,900 1,260 2,690 535 460 3,660 In process Completed but not sold. Completed and sold during May 1. Compute the May 31 balance in (a) Work in Process Inventory and (b) Finished Goods Inventory. 2. Compute gross profit for May. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Compute the May 31 balance in Finished Goods Inventory. Finished Goods Inventory Total Total $1 0 < Required 1A Required 2 > A manufacturer began operations on April 1 and reports the information below. All jobs are sold for 20% above cost. Job number 1 2 Manufacturing costs April May $ 860 $ 2,180 Job Status at May 31 Completed and sold during May Completed but not sold 710 1,900 In process 1,260 2,690 535 460 3,660 Completed and mold during May In process 1. Compute the May 31 balance in (a) Work in Process Inventory and (b) Finished Goods Inventory. 2. Compute gross profit for May. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Compute gross profit for May. Total Gross profit $ 0 < Required 1B Required 2 >
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