Root Trailers' job cost records yielded the following information: E (Click the icon to view the job cost information.) Use the dates above to identify the status of each job. Compute the following...


Question 2, part 2


Root Trailers' job cost records yielded the following information:<br>E (Click the icon to view the job cost information.)<br>Use the dates above to identify the status of each job. Compute the following balances for Root:<br>a. Work-in-Process Inventory at July 31<br>b. Finished Goods Inventory at July 31<br>c. Cost of Goods Sold for July<br>Job<br>Date<br>Total Cost of Job<br>Status of Job at<br>Data Table<br>No.<br>Started<br>Finished<br>Sold<br>at July 31<br>July 31<br>1<br>June 21<br>July 16<br>July 17<br>$<br>3,400<br>Sold<br>2<br>June 29<br>July 21<br>July 26<br>13,700<br>Sold<br>Date<br>3<br>July 3<br>August 11<br>August 13<br>6,000<br>Work in process<br>Total Cost of Job<br>Job No.<br>Started<br>Finished<br>Sold<br>at July 31<br>4.<br>July 7<br>July 29<br>August 1<br>4,400<br>Finished goods<br>Job No. 1<br>June 21<br>July 16<br>July 17<br>2$<br>3,400<br>a. Compute Work-in-Process Inventory at July 31. (If an input field is not used in the table, leave the inpu<br>Job No. 2<br>June 29<br>July 21<br>July 26<br>13,700<br>Job<br>Cost<br>Job No. 3<br>July 3<br>August 11<br>August 13<br>6,000<br>Job No. 4<br>July 7<br>July 29<br>August 1<br>4,400<br>Total<br>Print<br>Done<br>

Extracted text: Root Trailers' job cost records yielded the following information: E (Click the icon to view the job cost information.) Use the dates above to identify the status of each job. Compute the following balances for Root: a. Work-in-Process Inventory at July 31 b. Finished Goods Inventory at July 31 c. Cost of Goods Sold for July Job Date Total Cost of Job Status of Job at Data Table No. Started Finished Sold at July 31 July 31 1 June 21 July 16 July 17 $ 3,400 Sold 2 June 29 July 21 July 26 13,700 Sold Date 3 July 3 August 11 August 13 6,000 Work in process Total Cost of Job Job No. Started Finished Sold at July 31 4. July 7 July 29 August 1 4,400 Finished goods Job No. 1 June 21 July 16 July 17 2$ 3,400 a. Compute Work-in-Process Inventory at July 31. (If an input field is not used in the table, leave the inpu Job No. 2 June 29 July 21 July 26 13,700 Job Cost Job No. 3 July 3 August 11 August 13 6,000 Job No. 4 July 7 July 29 August 1 4,400 Total Print Done

Jun 10, 2022
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