The job order cost sheets used by Tarzan Company revealed the following:
| Job. No. |
Bal., May 1 |
May Production Costs |
| 124 |
$1,500 |
$---- |
| 125 |
1,000 |
200 |
| 126 |
---- |
700 |
| Job No. 125 was completed during May and Jobs No. 124 and 125 were shipped to customers in May. What were the company's cost of goods sold for May and the goods in process inventory on May 31? |
|
$1,000; $2,500. |
|
$3,400; $0. |
|
$2,500; $1,000. |
|
$2,700; $700. |
|
$1,500; $1,000.
|