(L. OBJ. 2, 3, 4) Accounting for job costs [15 min] Great Quality Trailers’ job cost re...

(L. OBJ. 2, 3, 4) Accounting for job costs [15 min]

Great Quality Trailers’ job cost records yielded the following information:

Requirement

1. Using the dates above to identify the status of each job, compute Great Quality‘s cost of (a) Work in process inventory at May 31, (b) Finished goods inventory at May 31, and (c) Cost of goods sold for May.