Merker Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during April of the current year. This table summarizes information provided on each sheet:NumberTotal Cost IncurredStatus of Job 544$15,050Finished and delivered545$22,400Finished and delivered546$ 7,500Finished and unsold547$ 4,300Finished and delivered548$33,000Unfinished549$62,000Finished and unsold550$14,600Unfinished551$22,200Finished and delivered552$ 3,600Finished and unsold553$ 1,000Unfinished(a) What is the cost of goods sold for the month of April?(b) What is the cost of the Work in Process inventory on April 30?(c) What is the cost of the finished goods inventory on April 30?
What will be an ideal response?
(a) Cost of goods sold for April:
| Number | Total Cost Incurred | Status of Job |
| 544 | $15,050 | Finished and delivered |
| 545 | $22,400 | Finished and delivered |
| 547 | $ 4,300 | Finished and delivered |
| 551 | 22,200 | Finished and delivered |
| Total | $63,950 | ? |
(b) Cost of the Work in Process inventory on April 30:
| Number | Total Cost Incurred | Status of Job |
| 548 | 33,000 | Unfinished |
| 550 | $14,600 | Unfinished |
| 553 | 1,000 | Unfinished |
| Total | $48,600 | ? |
(c) Cost of the finished goods inventory on April 30:
| Number | Total Cost Incurred | Status of Job |
| 546 | $7,500 | Finished and unsold |
| 549 | 62,000 | Finished and unsold |
| 552 | 3,600 | Finished and unsold |
| Total | $73,100 | ? |
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