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Cullumber Company begins operations on July 1, 2022. Information from job cost sheets shows the following: Job 102 was completed in July. Job 100 was
Cullumber Company begins operations on July 1, 2022. Information from job cost sheets shows the following: Job 102 was completed in July. Job 100 was completed in August, and Jobs 101 and 103 were completed in September. Each job was sold for 60% above its cost in the month following completion. Compute the balance in Work in Process Inventory at the end of July. Balance work in process inventory $ Compute the balance in Finished Goods Inventory at the end of September. Balance finished goods inventory $ Compute the gross profit for August. Gross Profit $
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