Question - Job-cost records for Bodhi Company contained the following data:
|
Job No.
|
Date Started
|
Date Finished
|
Date Sold
|
Total Cost of Job at June 30
|
|
220
|
May 18
|
June 12
|
June 20
|
$6,000
|
|
221
|
May 20
|
June 9
|
June 21
|
4,000
|
|
222
|
June 7
|
July 5
|
July 12
|
7,000
|
|
223
|
June 10
|
July 28
|
July 1
|
6,500
|
|
224
|
June 19
|
July 16
|
July 25
|
8,000
|
Required:
a. Compute WIP inventory at June 30.
b. Compute finished goods inventory at June 30.
c. Compute cost of goods sold for June.