The Terrapin Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during June of the current year. This table summarizes information provided on each sheet:

a. What is the cost of the goods in process inventory on June 30?

b. What is the cost of the finished goods inventory on June 30?

c. What is the cost of goods sold for the month of June?

Transcribed Image Text:

Total Cost Incurred Status of Job Finished and Number $ 4,200 951 delivered S 7,700 S 9,300 $11,100 Unfinished Finished and unsold Finished and 952 953 954 delivered $ 3,000 $ 5,500 Finished and unsold 955 956 Finished and delivered 957 $35,000 $ 3,200 Unfinished Finished and 958 delivered Unfinished S 500 $22,110 S 7,200 S 8,500 $11,200 959 960 Unfinished 961 Finished and unsold Unfinished 962 Finished and unsold 963