Oriole Company begins the month of March with $14,960 of Work in Process Inventory from Job...

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Oriole Company begins the month of March with $14,960 of Work in Process Inventory from Job 324. Information from job cost sheets shows the following additional costs assigned during March, April, and May of 2022: Manufacturing Costs Assigned Job No. March Аpril Мay 324 $22,880 325 17,600 $24,640 $13,200 326 36,080 9,680 327 14,080 34,320 328 29,920 44,880 Job 324 was completed in March. Jobs 325 and 327 were completed in May, and Job 326 was completed in April. Jobs are sold during the month after completion. Total revenue for jobs sold during the 3-month period is $127,600. Calculate the balance of the Work in Process Inventory accounts at the end of May. Work in Process Inventory Accounts Job 328 24 Calculate Finished Goods Inventory accounts at the end of May. Finished Goods Inventory Accounts Job 325 Job 327 %24 Oriole Company begins the month of March with $14,960 of Work in Process Inventory from Job 324. Information from job cost sheets shows the following additional costs assigned during March, April, and May of 2022: Manufacturing Costs Assigned Job No. March Аpril Мay 324 $22,880 325 17,600 $24,640 $13,200 326 36,080 9,680 327 14,080 34,320 328 29,920 44,880 Job 324 was completed in March. Jobs 325 and 327 were completed in May, and Job 326 was completed in April. Jobs are sold during the month after completion. Total revenue for jobs sold during the 3-month period is $127,600. Calculate the balance of the Work in Process Inventory accounts at the end of May. Work in Process Inventory Accounts Job 328 24 Calculate Finished Goods Inventory accounts at the end of May. Finished Goods Inventory Accounts Job 325 Job 327 %24

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Solution a Work in process inven... View the full answer