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Best Trailers' job cost records yielded the following information: EClick the icon to view the job cost information.) Use the dates above to identify the
Best Trailers' job cost records yielded the following information: EClick the icon to view the job cost information.) Use the dates above to identify the status of each job. Compute the following balances for Best: a. Work-in-Process Inventory at August 31 b. Finished Goods Inventory at August 31 c. Cost of Goods Sold for August Begin by identifying the status of each job. Date Status of Job at Job Total Cost of Job Finished August 31 No. Started Sold at August 31 July 21 August 16 1 August 17 3,300 July 29 August 21 August 26 2 13,300 August 3 September 13 6,300 3 September 11 August 29 4 August 7 September 1 4,700 a. Compute Work-in-Process Inventory at August 31. (If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Job Cost Total c. Compute Cost of Goods Sold for August. (If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Cost Job Total Data Table Date Total Cost of Job Job Sold No. Started Finished at August 31 July 21 August 16 3,300 1 August 17 July 29 August 21 2 August 26 13,300 August 3 6,300 3 September 11 September 13 August 29 4 August 7 September 1 4,700 X
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