Job cost sheets show the following information: Job January February March AA2 $2,600 $1,100 4,840 January February March AA4 AA5 AA3 Total $7,440 What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for January, February, and March Work in Finished Process Goods 3,240 3,410 $7,750 Completed February January February 2,600 3,410 ✔ $2,319 April $2,319 Sold Not sold February March Not sold 4,840 6,940 3,700 COGS 4,840 3,240

Job cost sheets show the following information: Job January February March AA2 $2,600 $1,100 4,840 January February March AA4 AA5 AA3 Total $7,440 What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for January, February, and March Work in Finished Process Goods 3,240 3,410 $7,750 Completed February January February 2,600 3,410 ✔ $2,319 April $2,319 Sold Not sold February March Not sold 4,840 6,940 3,700 COGS 4,840 3,240

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Description: Job cost sheets show the following information:Job January February March CompletedAA2$2,600$1,100FebruaryAA44,840JanuaryAA5FebruaryAA3AprilTotal $7,440What are the balances in the work in process inventory, finished goods inventory, and cost of goo

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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