Question
The information below was taken from the job cost sheets of Bates Company. Job Number Manufacturing Costs as of June 30 Manufacturing Costs in July
The information below was taken from the job cost sheets of Bates Company. Job Number Manufacturing Costs as of June 30 Manufacturing Costs in July 101 $ 5,500 102 4,400 103 800 $ 3,000 104 3,400 6,000 105 7,000 106 1,900 During July, jobs no. 103 and 104 were completed, and jobs no. 101, 102, and 104 were delivered to customers. Jobs no. 105 and 106 are still in process at July 31. a. Compute the work in process inventory at June 30. b. Compute the finished goods inventory at June 30. c. Compute the cost of goods sold during July. d. Compute the work in process inventory at July 31. e. Compute the finished goods inventory at July 31.
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