Answered: Date Total Cost of Job at July 31 Job…

Name: Accounting for job costsRoot Trailers’ job cost records yielded the fo
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Description: Accounting for job costsRoot Trailers’ job cost records yielded the following information:Use the dates in the table to identify the status of each job. Compute the following balances for Root:a. Work-in-Process Inventory at July 31b.Finished Goods I

Business

Accounting

Date Total Cost of Job at July 31 Job No. Started Finished Sold June 21 July 16 July 17 $ 3,400 2 June 29 July 21 July 26 13,700 July 3 July 7 August 11 August 13 6,000 July 29 August 1 4,400

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter13: Budgeting And Standard Costs

Section: Chapter Questions

Problem 13.6.3MBA

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