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Perpetual Inventories The following summary data are from the job order cost sheets of Castle Company: Dates Total costs Assigned Total Production Job Started Finished
Perpetual Inventories The following summary data are from the job order cost sheets of Castle Company: Dates Total costs Assigned Total Production Job Started Finished Shipped at September 30 Costs Added in October 1 9/10 9/20 10/11 $9,000 2 9/17 9/29 10/22 6,600 3 9/25 10/11 10/27 3,500 $7,100 4 9/27 10/19 11/4 4,400 5,700 5 10/14 11/10 11/18 3,200 6 10/23 11/17 11/29 4,900 3 Using the above data, compute (a) the finished goods inventory at October 1 and October 31, (b) the work in process inventory at October 1 and October 31, and (c) the cost of goods sold for October. Castle began operations with Job 1. 0 0 a. Finished goods inventory at October 1: $ Finished goods inventory at October 31: $ b. Work in process inventory at October 1: $ Work in process inventory at October 31: $ C. Cost of goods sold for October: 0 0 $ 0 Check
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