FOR QUESTIONS #10-12

AL-QUBAISIIncorporated reported the following information:

On January 31, 20x3: Job #101 was the only job in process (partially completed) with accumulated total manufacturing costs of $6,000 and non-manufacturing cost of $19,000.

During Februarythe following costs were added:

Manufacturing costs Non-Manufacturing costs

Job #101 $20,000 $35,000

Job #102 $16,000 $30,000

Job #103 $14,000 $25,000

On February 28, 20x3:

Job #101 was completed and sold for $100,000.

Job #102 was completed but not sold.

Job #103 remains in production.

10. The work-in-process inventory on February 28, 20x3 (EWIP) is:

A. $55,000

B. $39,000

C. $30,000

D. $14,000

E. no one of the above

11. The finished goods inventory on February 28, 20x3 (EFG) is:

A. $55,000

B. $39,000

C. $14,000

D. $16,000

12. The cost of goods manufactured for February (COGM) is:

A. $55,000

B. $39,000

C. $14,000

D. $42,000

E. $20,000

As work is completed on a job, costs for the job are collected (debited) in which of the

following accounts?

Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Cost of Goods Sold none of the above