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Perpetual Inventories The following summary data are from the job order cost sheets of Hampton Company: Total costs Assigned at April 30 $7.300 5,400 2,900
Perpetual Inventories The following summary data are from the job order cost sheets of Hampton Company: Total costs Assigned at April 30 $7.300 5,400 2,900 3.600 Dates Job Started Finished Shipped 1 4/10 4/20 5/9 2 4/18 4/30 3 4/24 5/10 4 4/28 5/20 5 5/15 6/10 6 5/22 6/18 Using the above data, compute (a) the finished goods inventory at May 1 and May 31, (b) the work in process inventory at May 1 and May 31, and (c) the cost of goods sold for May. Hampton began operations with Job 1. 5/20 5/25 6/3 6/20 6/28 Total Production Costs Added in May a. Finished goods inventory at May 1: $ Finished goods inventory at May 31: S b. Work in process inventory at May 1: S Work in process inventory at May 31: S c. Cost of goods sold for May $ $5,700 4,800 2,600 3,800
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