Exercise 5-39

Please show work

304 Yes 4.150 350 710 Yes No No Yes 307 308 300 310 1,200 s1s No hich was not sold by the end of the month. I. Calculate the balance in Work in Process at the end of the month. 2. Calc ulate the halanco in Binished Goods at the end of the month. Exercise 5-39 Job-Order Cost Sheets, Balance in Work in Process and Finished Good Golding Company, a job-order costing firm, worked on three jobs in July. Data are as follows Job 106 Job 107 Job 108 So S12.300$16,1s0 $12,200 $24,000 1,000 S6,250 S21.310 $10.450 Balance, July Direct materials Direct labor Machine hours 500 300 Overhead is applied to jobs at the rate of $16 per machine hour. By July 31, Jobs 106 and 108 were completed. Jobs 102 and 106 were sold. Job 107 remained in process. On July 1, the balance in Finished Goods was $49,000 (consisting of Job 102 for $25,600 and Job 104 for S23,400)