Compute the cost of the ending work in process inventory


I need to take the numbers that are in the excel sheet and repace them witht eh numbers they represent in the example. Please help me on the excel sheet im almost done i just need to get this last quesion in and i can turn it in. I am stumped i have no idea where to replace curtain numbers. please show me where numbers go the same way the excel sheet asks for the numbers i'm super coonfused

Computations using a job order systemGeneral Corporation employs a job order cost system. On May 1, the following balances were extracted from the general ledger:

Work in process $35,200
Finished goods 86,900
Cost of goods sold 128,700

Direct Materials Direct Labor
Job No. Amount Job No. Amount
101 $5,000 101 $7,800
115 19,500 103 20,800
116 36,200 115 42,000
Other   35,800 116 18,000
  $96,500 Other    25,900
      $114,500

Compute the total overhead applied to production during May.

Compute the cost of the ending work in process inventory.

Compute the cost of jobs completed during May.

Compute the cost of goods sold for the year ended May 31.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Compute the cost of the ending work in process inventory
Reference No:- TGS02613914

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)