Respuesta :
Answer:
Sardin Company
a) Calculation of the balances of the work in process:
                                 March      April      May
Beginning work in process  Job 324   $17,000   $20,000  $98,000
Total Ending work in process        $20,000   $98,000  $85,000
                                 March      April      May
Beginning work in process  Job 324   $17,000   $20,000  $98,000
                        Job 324   26,000  Â
Work started              Job 325   20,000    28,000   15,000
                           326             41,000
                           326              11,000
                           327             16,000   39,000
                           328             34,000   51,000
Ending work in process     Job 325   (20,000)   (48,000)
                           327             (16,000)
                           328            (34,000)  (85,000)
Total Ending work in process        $20,000   $98,000  $85,000
Work completed           Job 324   43,000
                        Job 326            52,000
                        Job 327                     55,000
                       Job 325                      63,000
Total costs of work completed       $43,000    $52,000  $ 118,000
b) Calculation of finished goods inventory accounts at the end of May:
                         March      April       May
Beginning finished goods     $0       $43,000    $52,000
Costs of work completed   $43,000    $52,000    $118,000
Finished goods available   $43,000    $95,000    $147,000
less Cost of goods sold      $0       $43,000     $52,000
Ending finished goods     $43,000    $52,000    $147,000
Explanation:
a) Manufacturing Costs Assigned
Job No.       March    April    May
324 Â Â Â Â Â Â Â $26,000
325 Â Â Â Â Â Â Â Â 20,000 Â $28,000 Â $15,000
326 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 41,000 Â Â Â 11,000
327 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 16,000 Â Â 39,000
328 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 34,000 Â Â 51,000
