Ware Paper Box manufactures corrugated paper boxes. It uses a job order costing system. Operating data for February and March are as follows:

The factory was closed due to a labor strike prior to January 28, when job # 613 was started. There were no other jobs in the plant at that time.

Required:
Calculate the following amounts:
a. Work- in- process inventory as of 2 28.
b. Work- in- process inventory as of 3 31.
c. Finished goods inventory as of 2 28.
d. Finished goods inventory as of 3/ 31.
e. Cost of goods sold for February.
f. Cost of goods sold forMarch.

Transcribed Image Text:

Date Finished Total Manufacturing Cost as of 2/28 Total Manufacturing Cost in March* Date Job Started 613 2/5 2/15 $12,500 17.200 18.500 3/5 3/20 3V10 $13,400 8,200 734 735 736 617 618 2/21 2/27 4,300 9,100 4/19 3/26 4/15 16,300 19.200 14.400 3V15 3/20 4/5