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Our company began operations on July 1, 2021. During July, we only worked on 3 jobs, Job 100, Job 200 and Job 300. The
Our company began operations on July 1, 2021. During July, we only worked on 3 jobs, Job 100, Job 200 and Job 300. The costs charged to these three jobs during July and other relevant information are given below. Job 100 and Job 200 were finished during July, but Job 300 was not finished. Job 100 consisted of 400 units and Job 200 consisted of 1,000 units. During July, the company sold 100 units of Job 100 at a selling price of $50 each. No units from Job 200 were sold During the month of July, the company purchased $10,000 Direct Material. Description Job 100 Job 200 Job 300 Direct Material $4,000 Direct Labor $5,500 $1,500 $750 $800 $180 Overhead $2,500 $250 $40 REMEMBER: PLEASE PUT $ AND COMMAS IN YOUR ANSWER. FOR EXAMPLE: $1,000 NOT 1000 Compute the Ending Work in Process Inventory for the month ending July 31, 2021. What is the Cost of Goods Manufactured for the month ending 07/31/2021? Compute the Total Sales for the month ending July 31, 2021. Compute the Ending Finished Goods Inventory for July 31, 2021. Compute the Ending Materials Inventory for July 31, 2021.
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