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Accounting for job Costs Note . Cogs 17,100 Root trailer Job cost yielded the following information job no started date finished sold Total cost of
Accounting for job Costs
Note . Cogs 17,100
Root trailer Job cost yielded the following information
job no | started | date finished | sold | Total cost of job at july 31 |
1 | june 21 | july 16 | july 17 | 3,400 |
2 | june29 | july21 | july 26 | 13,700 |
3 | july3 | august 11 | august 13 | 6,000 |
4 | july7 | july 29 | august 1 | 4,400 |
use the date in the table to identify the status of each job. compute the following balances for Root.
Compute-1. Work In Process Inventory at July 31
Compute -2. Finished Goods inventory at July 31
Compute-3 . Cost of Goods Sold for July
(1) Work In Process Inventory | (2) Finished Goods Inventory | (3) Cost of Goods Sold |
Job Cost | Job Cost | Job Cost |
(answer should be here) | (answer should be here) | (answer should |
be here) | ||
Total $ | Total $ | Total$ |
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