The Luna Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during September of the current year. This table summarizes information provided on each sheet:
$$\begin{array} { | l | l | l | }
\hline \text { Number } & \text { Total Cost Incurred } & \text { Status of Job } \
\hline 951 & \$ 4,200 & \text { Finithed and delivered } \
\hline 952 & \$ 7,700 & \text { Unfini shed } \
\hline 953 & \$ 9,300 & \text { Finished and unsold } \
\hline 954 & \$ 11,100 & \text { Finished and delivered } \
\hline 955 & \$ 3,000 & \text { Finished and unsold } \
\hline 956 & \$ 5,500 & \text { Finished and delivered } \
\hline 957 & \$ 35,000 & \text { Unfini shed } \
\hline 958 & \$ 3,200 & \text { Finished and delivered } \
\hline 959 & \$ 500 & \text { Unfini shed } \
\hline 960 & \$ 22,110 & \text { Unfini shed } \
\hline 961 & \$ 7,200 & \text { Finished and delivered } \
\hline 962 & \$ 8,500 & \text { Unfini shed } \
\hline 963 & \$ 11,200 & \text { Finithed and unsold }
\end{array}$$ (a) What is the cost of the Work in Process inventory on September 30?
(b) What is the cost of the finished goods inventory on September 30?
(c) What is the cost of goods sold for the month of September?

Question

The Luna Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during September of the current year. This table summarizes information provided on each sheet:
 $$\begin{array} { | l | l | l | } 
\hline \text { Number } & \text { Total Cost Incurred } & \text { Status of Job } \
\hline 951 & \$ 4,200 & \text { Finithed and delivered } \
\hline 952 & \$ 7,700 & \text { Unfini shed } \
\hline 953 & \$ 9,300 & \text { Finished and unsold } \
\hline 954 & \$ 11,100 & \text { Finished and delivered } \
\hline 955 & \$ 3,000 & \text { Finished and unsold } \
\hline 956 & \$ 5,500 & \text { Finished and delivered } \
\hline 957 & \$ 35,000 & \text { Unfini shed } \
\hline 958 & \$ 3,200 & \text { Finished and delivered } \
\hline 959 & \$ 500 & \text { Unfini shed } \
\hline 960 & \$ 22,110 & \text { Unfini shed } \
\hline 961 & \$ 7,200 & \text { Finished and delivered } \
\hline 962 & \$ 8,500 & \text { Unfini shed } \
\hline 963 & \$ 11,200 & \text { Finithed and unsold }
\end{array}$$ (a) What is the cost of the Work in Process inventory on September 30?
(b) What is the cost of the finished goods inventory on September 30?
(c) What is the cost of goods sold for the month of September?

Quizplus · Accepted Answer

The Answer of The Luna Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during September of the current year. This table summarizes information provided on each sheet:
 $$\begin{array} { | l | l | l | } 
\hline \text { Number } & \text { Total Cost Incurred } & \text { Status of Job } \
\hline 951 & \$ 4,200 & \text { Finithed and delivered } \
\hline 952 & \$ 7,700 & \text { Unfini shed } \
\hline 953 & \$ 9,300 & \text { Finished and unsold } \
\hline 954 & \$ 11,100 & \text { Finished and delivered } \
\hline 955 & \$ 3,000 & \text { Finished and unsold } \
\hline 956 & \$ 5,500 & \text { Finished and delivered } \
\hline 957 & \$ 35,000 & \text { Unfini shed } \
\hline 958 & \$ 3,200 & \text { Finished and delivered } \
\hline 959 & \$ 500 & \text { Unfini shed } \
\hline 960 & \$ 22,110 & \text { Unfini shed } \
\hline 961 & \$ 7,200 & \text { Finished and delivered } \
\hline 962 & \$ 8,500 & \text { Unfini shed } \
\hline 963 & \$ 11,200 & \text { Finithed and unsold }
\end{array}$$ (a) What is the cost of the Work in Process inventory on September 30?
(b) What is the cost of the finished goods inventory on September 30?
(c) What is the cost of goods sold for the month of September?

The Luna Manufacturing Company Has the Following Job Cost Sheets