The information below was taken from the job cost sheets of Bates Company.
Job Number | Manufacturing Costs as of June 30 | Manufacturing Costs in July |
101 | $4.200 |
|
102 | 3.240 |
|
103 | 900 | $2.000 |
104 | 2,250 | 4.000 |
105 |
| 6.000 |
106 |
| 3,700 |
During July, jobs no. 103 and 104 were completed, and jobs no. 101, 102, and 104 were delivered to customers. Jobs no. 105 and 106 are still in process at July 31. From this information, compute the following:
a. The work in process inventory at June 30.
b. The finished goods inventory at June 30.
c. The cost of goods sold during July.
d. The work in process inventory at July 31.
e. The finished goods inventory at July 31.
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