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

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter4: Job Order Costing
Section: Chapter Questions
Problem 4PA: Job cost sheets show the following information: What are the balances in the work in process...
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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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