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Berne Company, a job-order costing firm, worked on three jobs in July. Data are as follows: Job 70 for $19,000 and Job 72 for $30,000
Berne Company, a job-order costing firm, worked on three jobs in July. Data are as follows: Job 70 for $19,000 and Job 72 for $30,000 ). Required: 1. Prepare job-order cost sheets for all jobs in process during July, showing all costs through July 31. 2. Calculate the balance in Work in Process as at July 31. 3. Calculate the balance in Finished Goods as at July 31. 4. Calculate Cost of Goods Sold for July. 5. Prepare an income statement for Berne Company for the month of July
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