ob cost sheets show the following information: Job January February March Completed Sold AA2 $2,600 $1,000 February Not sold AA4 4,837 January February AA5 3,260 February March AA3 3,411 $2,320 April Not sold Total $7,437 $7,671 $2,320 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 Process Finished Goods COGS January $fill in the blank 1 $fill in the blank 2 February fill in the blank 3 fill in the blank 4 $fill in the blank 5 March fill in the blank 6 fill in the blank 7 fill in the blank 8
ob cost sheets show the following information: Job January February March Completed Sold AA2 $2,600 $1,000 February Not sold AA4 4,837 January February AA5 3,260 February March AA3 3,411 $2,320 April Not sold Total $7,437 $7,671 $2,320 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 Process Finished Goods COGS January $fill in the blank 1 $fill in the blank 2 February fill in the blank 3 fill in the blank 4 $fill in the blank 5 March fill in the blank 6 fill in the blank 7 fill in the blank 8
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
ob cost sheets show the following information:
| Job | January | February | March | Completed | Sold | ||||
| AA2 | $2,600 | $1,000 | February | Not sold | |||||
| AA4 | 4,837 | January | February | ||||||
| AA5 | 3,260 | February | March | ||||||
| AA3 | 3,411 | $2,320 | April | Not sold | |||||
| Total | $7,437 | $7,671 | $2,320 |
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 Process |
Finished Goods |
COGS | |||||||
| January | $fill in the blank 1 | $fill in the blank 2 | |||||||
| February | fill in the blank 3 | fill in the blank 4 | $fill in the blank 5 | ||||||
| March | fill in the blank 6 | fill in the blank 7 | fill in the blank 8 |
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