Question 1 Accustart Industries produces custom windows for business and residential customers who supply Accustart with architectural specifications. At the start of 2017, three jobs were in process: Cost incurred as of 1/1/2017 Job 258 $3,400 Job 259 8,400 Job 260 4,200 Also at the start of 2017, one job was completed and awaiting shipment: Cost Incurred as of 1/1/2017 Job 257 $9,000 During 2017, the company incurred the following costs: Direct material $740,000 Direct labor 1,560,000 Manufacturing overhead 2,170,000 At the end of 2017, two jobs were in process: Cost incurred as of 12/31/2017 Job 345 $2,700 Job 346 6,000 In addition, four jobs were completed and awaiting shipment: Cost Incurred as of 12/31/2017 Job 341 $1,300 Job 342 3,000 Job 343 2,300 Job 344 4,500 Cost incurred as of 12/31/2017 Job 345 $2,700 Job 346 6,000 In addition, four jobs were completed and awaiting shipment: Cost incurred as of 12/31/2017 Job 341 $1,300 Job 342 3,000 Job 343 2,300 Job 344 4,500 What are the beginning and ending balances in Work in Process Inventory? Beginning balance in Work in Process Inventory $ Ending balance in Work in Process Inventory $ What are the beginning and ending balances in Finished Goods Inventory? Beginning balance in Finished Goods Inventory $ Ending balance in Finished Goods Inventory $ What is Cost of Goods Sold? Cost of Goods Sold