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The information below was taken from the job cost sheets of Igmund Manufacturing. Manufacturing Costs as of June 30 $4,300 3,000 Job Number 101 102
The information below was taken from the job cost sheets of Igmund Manufacturing. Manufacturing Costs as of June 30 $4,300 3,000 Job Number 101 102 103 104 860 2,300 105 106 Manufacturing Costs in July $2,000 3,900 6,500 3,100 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. a. Work in process inventory June 30 b. Finished goods inventory June 30 c. Cost of goods sold d. Work in process inventory July 31 e. Finished goods inventory July 31
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