Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Current Attempt in Progress Sardin Company begins the month of March with $17,000 of work in process costs from Job 324. Information from job cost
Current Attempt in Progress Sardin Company begins the month of March with $17,000 of work in process costs from Job 324. Information from job cost sheets shows the following additional costs assigned during March, April, and May of 2020: Job No. 324 325 326 327 328 Manufacturing Costs Assigned April March Job 328 $26,000 20,000 $28,000 $15,000 41,000 11,000 16,000 34,000 May 39,000 Job 324 was completed in March. Jobs 325 and 327 were completed in May, and Job 326 was completed in April. Jobs are sold during the month after completion. Total revenue for jobs sold during the 3-month period is $145,000. Work in process 51,000 Calculate the balance of the work in process the end of May. Sardin Company begins the month of March with $17,000 of work in process costs from Job 32.4 . Information from job cost sheets shows the following additional costs assigned during March, April, and May of 2020. Job 324 was completed in March, Jobs 325 and 327 were completed in Mry, and Job 326 was completed in Aprit. Jobs are sold durine the month after completion. Total revenue for jobs sold during the 3 -month period is $145,000. Calculate the bslance of the work in proxess the end of May. Job 324 was completed in March 3 obs 325 and 327 were completed in May, and Job 326 was completed in Aprit. Jobs are sold during the month after completion. Total revenue for jobs sold during the 3-month period is $145,000 Calculate the balance of the work in process the end of May. Calculate finished goods inventory accounts at the end of May
Current Attempt in Progress Sardin Company begins the month of March with $17,000 of work in process costs from Job 324. Information from job cost sheets shows the following additional costs assigned during March, April, and May of 2020: Job No. 324 325 326 327 328 Manufacturing Costs Assigned April March Job 328 $26,000 20,000 $28,000 $15,000 41,000 11,000 16,000 34,000 May 39,000 Job 324 was completed in March. Jobs 325 and 327 were completed in May, and Job 326 was completed in April. Jobs are sold during the month after completion. Total revenue for jobs sold during the 3-month period is $145,000. Work in process 51,000 Calculate the balance of the work in process the end of May.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started