Accounting for job Costs Note . Cogs 17,100 Root trailer Job cost yielded the fo
ID: 2334809 • Letter: A
Question
Accounting for job Costs
Note . Cogs 17,100
Root trailer Job cost yielded the following information
use the date in the table to identify the status of each job. compute the following balances for Root.
Compute-1. Work In Process Inventory at July 31
Compute -2. Finished Goods inventory at July 31
Compute-3 . Cost of Goods Sold for July
job no started date finished sold Total cost of job at july 31 1 june 21 july 16 july 17 3,400 2 june29 july21 july 26 13,700 3 july3 august 11 august 13 6,000 4 july7 july 29 august 1 4,400Explanation / Answer
Work in process Finished goods inventory Cost ofgoods sold Job no. Job-3 (since completed on aug11) Job-4 (since completed before 31july{july 29} but sold on aug1 ) Job1 and job 2 (both are completed and sold before 31july) Job cost 6000 4400 Job 1 :3400 Job 2 : 13700 Total 6000 4400 17100
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