Luna Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during September of the current year. This table summarizes information provided on each sheet:NumberTotal Cost IncurredStatus of Job 951$ 4,200Finished and delivered952$ 7,700Unfinished953$ 9,300Finished and unsold954$11,100Finished and delivered955$ 3,000Finished and unsold956$ 5,500Finished and delivered957$35,000Unfinished958$ 3,200Finished and delivered959 $ 500Unfinished960$22,110Unfinished961$ 7,200Finished and delivered962$ 8,500Unfinished963$11,200Finished and unsold(a) What is the cost of the Work in Process inventory on September 30?(b) What is the cost of the finished goods inventory on September 30?(c) What is the cost of goods sold for the month of
September?
What will be an ideal response?
(a) Cost of the Work in process inventory on September 30:
| Number | Total Cost Incurred | Status of Job |
| 952 | $ 7,700 | Unfinished |
| 957 | 35,000 | Unfinished |
| 959 | 500 | Unfinished |
| 960 | 22,110 | Unfinished |
| 962 | 8,500 | Unfinished |
| Total | $73,810 | ? |
(b) Cost of the finished goods inventory on September 30:
| Number | Total Cost Incurred | Status of Job |
| 953 | $ 9,300 | Finished and unsold |
| 955 | 3,000 | Finished and unsold |
| 963 | 11,200 | Finished and unsold |
| Total | $23,500 | ? |
(c) Cost of goods sold for September:
| Number | Total Cost Incurred | Status of Job |
| 951 | $ 4,200 | Finished and delivered |
| 954 | 11,100 | Finished and delivered |
| 956 | 5,500 | Finished and delivered |
| 95 | 3,200 | Finished and delivered |
| 961 | 7,200 | Finished and delivered |
| Total | $31,200 | ? |
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