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Luke's Lubricants starts business on January 1. The following operations data are available for January for the one lubricant it produces Gallons Beginning inventory Started

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Luke's Lubricants starts business on January 1. The following operations data are available for January for the one lubricant it produces Gallons Beginning inventory Started in January Ending work-in-process inventory (B0% complete) 158, 13,000 Costs incurred in January follow Materials Labor Manufacturing overhead $ 165,950 29.000 72,000 All production at Luke's is sold as it is produced there are no finished goods inventories) Required: o. Compute cost of goods sold for January (Do not round Intermediate calculations.) b. What is the value of work in process inventory on January 31 (Do not round Intermediate calculations.) # Cost of goods sold for January b Work in process inventory on January 31 Prov 1 of 2 !!! Next >

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