McCarthy and Daughters Ltd. has provided you with the following job cost sheets, which outline...
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Accounting
McCarthy and Daughters Ltd. has provided you with the following job cost sheets, which outline the manufacturing costs incurred in the months of January, February, March, and April (non-cumulative) for several jobs. Job No. January February March April Total Cost 1234 $ 17,250 $ 17,250 1235 7,800 $ 12,450 20,250 1236 4,500 8,700 $ 6,300 $ 15,300 34,800 1237 10,650 12,000 22,650 1238 5,100 5,100 Each job was sold in the month following completion. Work in process inventory and finished goods inventory were $NIL as at January 1. Required: Please determine the following. Round your answers to the nearest whole number. As at (and for the month ended) January 31: Work in process inventory: Supporting Work: Finished goods inventory: Supporting Work: As at (and for the month ended) February 28 Work in process inventory: Supporting Work: Finished goods inventory: Supporting Work: As at (and for the month ended) March 31 Work in process inventory: Supporting Work: Finished goods inventory: Supporting Work
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