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Perpetual Inventories The following summary data are from the job order cost sheets of Hampton Company: Total Production Costs Added in May Dates Total costs
Perpetual Inventories The following summary data are from the job order cost sheets of Hampton Company: Total Production Costs Added in May Dates Total costs Assigned Job Started Finished Shipped at April 30 4/10 4/18 4/24 4/28 5/15 5/22 4/20 4/30 5/10 5/20 6/10 6/18 5/9 5/20 5/25 6/3 6/20 6/28 $10,950 8,100 4,350 5,400 8,550 7,200 3,900 5,700 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 a. Finished goods inventory at May 10,950x 28,800 Finished goods inventory at May 31 b. Work in process inventory at May 1 Work in process inventory at May 31 S S s c. Cost of goods sold for May
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