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A manufacturer began operations on April 1 and reports the information below. All jobs are sold for 20% above cost. Job number 1 Manufacturing
A manufacturer began operations on April 1 and reports the information below. All jobs are sold for 20% above cost. Job number 1 Manufacturing costs April May $ 800 $ 2,120 2 3 4 Job Status at May 31 Completed and sold during May Completed but not sold 650 1,840 In process 1,200 2,630 475 400 3,600 Completed and sold 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2 Compute the May 31 balance in Work in Process Inventory. Work in Process Inventory Job 21 Job 5: Total 2,490 3,600 Total S 6,090
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