Question - Jorel Company is a manufacturer. During April, Jorel's first month of operations, it did the following:
Completed work on goods costing $59,600
Purchased materials costing 46,075
Sold goods costing 48,800
Incurred direct labor costs totaling 12,500
Issued materials to production costing 31,000
Accumulated factory overhead costs totaling 19,950
Sold goods for 73,000
What is Jorel's raw materials inventory at the end of April?
What is Jorel's work in process inventory at the end of April?
What is Jorel's finished goods inventory at the end of April?