CarNut reconditions engines. Its job cost records yield the following information. CarNut uses a perpetual inventory system. (Click to view the job order costing records information.) Read the requirements Data Table Requirement 1. Compute CarNut's cost of (a) Work in Process Inventory at April 30 and May 31, (b) Finished Goods Invent Prepare the April schedule first. (Complete only necessary answer boxes. If a box is not used in the table leave the box emg Total - X Total Cost Manufacturing Requirements Job Date of Job at Cost Added No. Started Finished Sold April 30 in May 1 3/26 4/7 4/9 $ 1,800 Date (a) Work 2 3/3 4/12 4/13 $ 1,500 Job 3 4/29 4/30 5/3 $ 1,100 April 30 1. Compute CarNut's cost of (a) Work in Process Inventory at April 30 and May 31, (b) Finished Goods Inventory at April 30 and May 31, and (c) Cost of Goods Sold for April and May. 2. Make summary journal entries to record the transfer of completed jobs from Work in Process Inventory to Finished Goods Inventory for April and May. 3. Record the sale of Job 5 on account for $1,700. 4. Compute the gross profit for Job 5. What costs must the gross profit cover? 4 4/30 5/1 5/1 $ 900 $ 800 5 5/8 5/12 5/14 $ 500 Total 6 5/23 6/6 6/9 $ 1,200 Print Done Print Done CarNut reconditions engines. Its job cost records yield the following information. CarNut uses a perpetual inventory system. (Click to view the job order costing records information.) Read the requirements. Requirement 1. Compute CarNut's cost of (a) Work in Process Inventory at April 30 and May 31, (b) Finished Goods Inventory at April 30 and May 31, and (c) Cost of Goods Sold for April and May. Prepare the April schedule first. (Complete only necessary answer boxes. If a box is not used in the table leave the box empty, do not enter a zero.) CarNut Computation of Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold For April and May (a) Work in Process Inventory (b) Finished Goods Inventory (C) Cost of Goods Sold Job Cost Job Cost Job Cost Date April 30 Total Total Total