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Sloan Trailers' job cost records yielded the following information: (Click the icon to view the job cost information.) Use the dates above to identify
Sloan Trailers' job cost records yielded the following information: (Click the icon to view the job cost information.) Use the dates above to identify the status of each job. Compute the following balances for Sloan: a. Work-in-Process Inventory at August 31 b. Finished Goods Inventory at August 31 c. Cost of Goods Sold for August Begin by identifying the status of each job. Job Date Total Cost of Job Status of Job at No. Started Finished Sold at August 31 August 31 1 July 21 Angust 16 August 17 $ 3,900 Sold 2 July 29 August 21 August 26 13,300 Sold 3 August 3 September 11 September 13 6,900 Work in process 4 August 7 August 29 September 1 4,400 Finished goods a. Compute Work-in-Process Inventory at August 31. (If an input field is not used in the table, leave the input field empty; do not select a label or enter a zero.) Job Cost Data table Date - Job No. Started Finished Sold Total Cost of Job at August 31 Job No. 1 July 21 August 16 August 17 3,900 Job No. 2 July 29 August 21 August 26 13,300 Job No. 3 August 3 September 11 September 13 6,900 Job No. 4 August 7 August 29 September 1 4,400 Print Done x
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