Job Cost Flows
The job cost sheet for 1,000 units of toy trucks is: All of the materials for the job were purchased on 4/10. The batch of 1,000 toy trucks is sold on 7/10.
What are the costs of this job order in the raw materials account, the work-in-process account, the finished goods account, and the cost of goods account on 4/30, 5/31, 6/30 and 7/31?

Question

Job Cost Flows
The job cost sheet for 1,000 units of toy trucks is:  All of the materials for the job were purchased on 4/10. The batch of 1,000 toy trucks is sold on 7/10.
What are the costs of this job order in the raw materials account, the work-in-process account, the finished goods account, and the cost of goods account on 4/30, 5/31, 6/30 and 7/31?

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The Answer of Job Cost Flows
The job cost sheet for 1,000 units of toy trucks is:  All of the materials for the job were purchased on 4/10. The batch of 1,000 toy trucks is sold on 7/10.
What are the costs of this job order in the raw materials account, the work-in-process account, the finished goods account, and the cost of goods account on 4/30, 5/31, 6/30 and 7/31?

Job Cost Flows The Job Cost Sheet for 1,000 Units of Toy Trucks