The job order cost sheets used by Greene Company revealed the following: May Production costs Job....
The job order cost sheets used by Greene Company revealed the following:
| Job. No. | Bal., May 1 | May Production costs |
|---|---|---|
| 134 | $2,200 | $0 |
| 135 | 1,700 | 400 |
| 136 | 0 | 1,000 |
Job No. 135 was completed during May and Jobs No. 134 and 135 were shipped to customers in May. What was the company's cost of goods sold for May and the Work in Process Inventory on May 31?
Homework Answers
Cost of Goods Sold = job 134 + Job 135 costs
= 2200+1700+400
= 4300
Work in Process Inventory = job 136 cost
= 1000
Option D is the answer
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