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Great Quality Trailers' job cost records yielded the following information: Click the icon to view the job cost information.) Use the dates above to
Great Quality Trailers' job cost records yielded the following information: Click the icon to view the job cost information.) Use the dates above to identify the status of each job. Compute the following balances for Great Quality: a. Work-in-Process Inventory at July 31 b. Finished Goods Inventory at July 31 c. Cost of Goods Sold for July Begin by identifying the status of each job. Job Date No. Started Finished Sold: 1 June 21 July 16 July 17 $ Total Cost of Job at July 31 3,200 Status of Job at July 31 2 June 29 July 21 July 26 13,700 3 July 3 August 11 August 13 6,200 4 July 71 July 29 August 11 4,600 a. Compute Work-in-Process Inventory at July 31. (If an input field is not used in the table, leave the input field empty; do not select a label or enter a zero.) Job Cost Total b. Compute Finished Goods Inventory at July 31. (If an input field is not used in the table, leave the input field empty; do not select a label or enter a zero.) Job Cost Total c. Compute Cost of Goods Sold for July. (If an input field is not used in the table, leave the input field empty, do not select a label or enter a zero.) Job Cost Total
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