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Compute the work-in-process inventory at july balances

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Reference no: EM131818024

Question - Winter Trailers' job cost records yielded the following information:

Job No.

Date

Total Cost of Job at July 31

Started

Finished

Sold

1

June 21

July 16

July 17

$3,000

2

June 29

July 21

July 26

13,800

3

July 3

August 11

August 13

6,700

4

July 7

July 29

August 1

4,800

Use the dates in the table to identify the status of each job. Compute the following balances for Winter Trailers:

a. Work-in-Process Inventory at July 31

b. Finished Goods Inventory at July 31

c. Cost of Goods Sold for July

Reference no: EM131818024

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