(Simple inventory calculation) Production data for the first week in Novem- ber 2006 for Bryan Machinery were as follows:

Overhead is charged to production at a rate of $30 per machine hour. Un¬ derapplied or overapplied overhead is treated as an adjustment to Cost of Goods Sold at year-end. (All company jobs are consecutively numbered, and all work not in ending Finished Goods Inventory has been completed and sold.)
What is the value at November 7 of (1) the three material accounts, (2) Work in Process Inventory, and (3) Cost of Goods Sold?LO1.

Date Job No. Nov. 1 411 1 412 7 417 WORK IN PROCESS INVENTORY Material Labor $950 18 hours 620 5 hours 310 4 hours Machine Time (Overhead) 25 hours 15 hours 8 hours Finished Goods Inventory, Nov. 1: $11,900 Finished Goods Inventory, Nov. 7: $ 0