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Q# 2: Job Order Costing (5% Grade) The following information has been taken from the job order cost system, used by SALEEM CORPORATION: Job No.

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Q# 2: Job Order Costing (5% Grade) The following information has been taken from the job order cost system, used by SALEEM CORPORATION: Job No. Balance March 1 Production Cost in March 15 Rs. 150,000 16 170,000 17 50,000 Rs. 130,000 18 70,000 150,000 19 240,000 20 150,000 21 90,000 During March Job No. 17, 18 & 19 were completed, and job No. 15, 16 and 17 were sold on account at 40% above cost. REQUIRED: i) Cost of finished goods inventory - beginning ii) Cost of goods in process inventory - beginning iii) Cost of finished goods inventory - ending iv) Cost of goods in process inventory - ending v) Cost of goods manufactured vi) Cost of Goods sold vii) Sales

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