Job No. 125 was completed during May and Jobs No. 124 and 125 were shipped to customers in May
The job order cost sheets used by Garza Company revealed the following:
| Job. No. | Bal. May 1 | May Production Costs |
|---|---|---|
| 124 | $1,700 | $-- |
| 125 | 1,200 | 300 |
| 126 | - | 900 |
Job No. 125 was completed during May and Jobs No. 124 and 125 were shipped to customers in May. What was the company's cost of goods sold for May and the goods in process inventory on May 31?
A. $3,200; $ 900. B. $2,900; $1,200. C. $1,200; $2,900. D. $1,700; $1,200. E. $4,100; $ 0.
Homework Answers
| A. $3,200; $900 | ||
| Cost of goods sold = Job 124 $1,700 + Job 125 ($1,200 + $300) = $3,200 | ||
| Goods in Process = Job 126 $900 | ||
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Job No. 125 was completed during May and Jobs No. 124 and 125 were shipped to customers in May
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Please show calculations on how to get an answer for
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Please show calculations on how to get an answer for
support for #17, #24, and #29
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