The Terrapin Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during June of the current year. This table summarizes information provided on each sheet:

(a) What is the cost of the goods in process inventory on June 30?
(b) What is the cost of the finished goods inventory on June 30?
(c) What is the cost of goods sold for the month of June?

Question

The Terrapin Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during June of the current year. This table summarizes information provided on each sheet:

(a) What is the cost of the goods in process inventory on June 30?
(b) What is the cost of the finished goods inventory on June 30?
(c) What is the cost of goods sold for the month of June?

Quizplus · Accepted Answer

The Answer of The Terrapin Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during June of the current year. This table summarizes information provided on each sheet:

(a) What is the cost of the goods in process inventory on June 30?
(b) What is the cost of the finished goods inventory on June 30?
(c) What is the cost of goods sold for the month of June?

The Terrapin Manufacturing Company Has the Following Job Cost Sheets