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Question 1 (7 marks) Job cost sheets show the following information: Job January February March Completed Sold AA2 $2,500 $1,200 February Not sold AA4 4,838

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Question 1 (7 marks) Job cost sheets show the following information: Job January February March Completed Sold AA2 $2,500 $1,200 February Not sold AA4 4,838 January February AA5 3,250 February March AA3 3,409 $2,319 April Not sold Total 7,338 7,859 2,319 Required: a) Which job(s) are still in process at the end of January, and what is the cost of this job(s)? (1 mark) b) Which job(s) were completed at the end of February, and what is the cost of this completed job(s)? (2 marks) c) What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for March? (1.5 marks) d) How does job costing in a service organisation differ from job costing in a manufacturing organisation? (2.5 marks)

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