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Exercise 17.2 (Static) Flow of Costs in Job Order Costing (LO17-1, LO17-2, LO17-3, LO17-4, LO17-5)...

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Accounting

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Exercise 17.2 (Static) Flow of Costs in Job Order Costing (LO17-1, LO17-2, LO17-3, LO17-4, LO17-5) The Information below was taken from the job cost sheets of Igmund Manufacturing: During July, jobs number 103 and 104 were completed, and jobs number 101, 102, and 104 were delivered to custorners Jobs number 105 and 106 are still in process at July 31. Required: a. Compute the work in process inventory at June 30 b. Compute the finished goods inventory ot June 30 c. Compute the cost of goods sold during July. d. Compute the work in process inventory at July 31. e. Compute the finished goods inventory at July 31

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