Ware Paper Box manufactures corrugated paper boxes. It uses a job order costing system. Operating data for February and March are as follows:
Job | Date Started | Date Finished | Date Sold | Total Manufacturing Cost as of 2/28 | Total Manufacturing Cost in March* |
613 | 1/28 | 2/5 | 2/15 | $12,500 | |
614 | 2/5 | 2/17 | 2/20 | 17,200 | |
615 | 2/20 | 2/27 | 3/5 | 18,500 | |
616 | 2/25 | 3/10 | 3/20 | 10,100 | $13,400 |
734 | 2/21 | 3/15 | 4/1 | 4,300 | 8,200 |
735 | 2/27 | 4/1 | 4/9 | 9,100 | 2,400 |
736 | 3/2 | 3/22 | 4/19 | 16,300 | |
617 | 3/15 | 3/20 | 3/26 | 19,200 | |
618 | 3/22 | 4/5 | 4/15 | 14,400 |
Manufacturing costs incurred only in March. Does not include any manufacturing costs incurred in prior months.
The factory was closed due to a labor strike prior to January 28, when job #613 was started. There were no other jobs in the plant at that time.
Required:
Calculate the following amounts:
a. Work-in-process inventory as of 2/28.
b. Work-in-process inventory as of 3/31.
c. Finished goods inventory as of 2/28.
d. Finished goods inventory as of 3/31.
e. Cost of goods sold for February.
f. Cost of goods sold for March.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.