Problem 3 - Clinton Ties began the month of July with jobs 80 and 83 completed a

Question

Problem 3 - Clinton Ties began the month of July with jobs 80 and 83 completed and waiting to be shipped to customers. At the end of June, jobs 81, 84, and 85 were in production. During July, jobs 86, 87, 88, 89 and 90 were begun. The company completed Jobs 81, 85, 86, 88, and 89 during July. Jobs 80, 81, 83, 86, and 88 were shipped to customers during July. Draw t-accounts for WIP and FG and track the jobs through the accounts as we did in class.

Which jobs are in work in process at July 31? Describe the nature of these jobs.

Which jobs are in finished goods at July 31? Describe the nature of these jobs.

Explanation / Answer

Which jobs are in work in process at July 31?Describe the nature of these jobs

Jobs 84, 87, and 90 were in production, The nature of these jobs is in work in process at July 31

Which jobs are in finished goods at July 31?Describe the nature of these jobs

Jobs 85 and 89 completed and waiting to be shipped to customers

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