1.
Concept introduction:
To compute: The ending balances of work in progress and finished goods inventory as of 31st May.
2.
Concept introduction:
Job costing: Job costing refers to the method of costing which is based on a particular project where all the costs and revenues are being tracked for every project or job. Here, all the costs like direct material, direct labor, overheads, etc, are separately written down, and then important decisions and assumptions are made.
To compute: The gross profit for May.

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Chapter 19 Solutions
FUNDAMENTAL ACCOUNTING PRINCIPLES
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