Norhan Company begins the month of June with $17,000 of work-in-process costs from Job 24. Information from job cost sheets shows the following additional costs assigned during June, July, and August of 2013:

Job 24 was completed in June. Jobs 25 and 27 were completed in August, and Job 26 was completed in July. Jobs are sold during the month after completion. Total revenue for jobs sold during the 3-month period is $145,000.
Requirement Calculate the balances of the Work-in-Process and finished goods inventory accounts at the end of August.

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Job No. 24 25 26 27 28 Manufacturing June $ 26,000 20,000 41,000 Costs Assigned July $ 28,000 11,000 16,000 29,000 August $ 15,000 34,000 51,000