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The information below was taken from the job cost sheets of Igmund Manufacturing: Job Number Manufacturing Costs as of June 30 Manufacturing Costs in July

The information below was taken from the job cost sheets of Igmund Manufacturing:

Job Number Manufacturing Costs as of June 30 Manufacturing Costs in July
101 $4,100
102 3,100
103 820 $2,000
104 2,100 3,800
105 6,500
106 3,400

During July, jobs number 103 and 104 were completed, and jobs number 101, 102, and 104 were delivered to customers. Jobs number 105 and 106 are still in process at July 31.

  1. Compute the work in process inventory at June 30.
  2. Compute the finished goods inventory at June 30.
  3. Compute the cost of goods sold during July.
  4. Compute the work in process inventory at July 31.
  5. Compute the finished goods inventory at July 31.

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