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marks) Question 1 Job cost sheets show the following information: Job January February March AA2 $2.500 $1,200 AA4 4,838 AAS 3,250 3,409 $2,319 Total 7,338
marks) Question 1 Job cost sheets show the following information: Job January February March AA2 $2.500 $1,200 AA4 4,838 AAS 3,250 3,409 $2,319 Total 7,338 7,859 2,319 Completed February January February April Sold Not sold February March Not sold Required: a) Which job(s) are still in process at the end of January, and what is the cost of this job(s)? (1 mark) b) Which job(s) were completed at the end of February, and what is the cost of this completed job(s)? (2 marks) c) What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for March? (1.5 marks) d) How does job costing in a service organisation differ from job costing in a manufacturing organisation? (2.5 marks) SHOW YOUR WORKING
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