Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following summary data are from the job order cost sheets of Hampton Company Dates Total costs Assigned Job Started Finished Shipped et April 30

The following summary data are from the job order cost sheets of Hampton Company Dates Total costs Assigned Job Started Finished Shipped et April 30 Total Production Costs Added in May 4/10 4/20 5/9 $21,900 2 411 4/30 5/20 16.200 3 4/24 10 5125 4 4/28 5/20 63 700 10.000 $17,100 14,400 5 6 575 10 5/22 6/18 6/20 6/28 7.800 11,400 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 Frished goods mventory at May 1 Fished goods wweetcey at May 31 1 Work in process vemory at May 1 Work in process inventory at May 31 5 Cast of gods sold for My Dates Job Started Finished Shipped The following summary data are from the job order cost sheets of Hampton Company: Total costs Assigned at April 30 Total Production Costs Added in May 1 4/10 4/20 5/9 $21,500 2 4/18 4/30 5/20 3 4/24 5/10 5/25 4 4/28 5/20 6/3 16.200 8700 10.800 $17,100 5 5215 6/10 6/20 6 5/22 6/18 6/28 14,400 7.800 11.400 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 (d the cost of goods sold for May. Hampton began i operations with Job 1. a. Finished goods inventory at May 1 S Finished goods inventory at May 31 b. Work in process inventory at May 15 Work in process inventory at May 31s c. Cost of goods sold for May 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting 111

Authors: Carl S. Warren

1st Edition

1111065624, 978-1111065621

More Books

Students also viewed these Accounting questions