The job order cost sheets used by Garza Company revealed the following: Job No. Bal. May 1 May Production Costs $1.700 124 125 126 1,200 Select one: O $4.100:50. Ob. $1,700: $1,200. O$3,200 $ 900. O d. $1.200: $2.900. Oe. $2.900 $1,200 300 900 job No. 125 was completed during May and jobs No. 124 and 125 were shipped to customers in May. What were the company's cost of goods sold for May and the goods in process inventory on May 31?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The job order cost sheets used by Garza Company revealed the following:
Job No.
Bal.. May 1
May Production Costs
124
125
126
Select one:
a $4.100:50.
Ob. $1,700: $1,200.
OC$3,200 $ 900.
$1,700
O d. $1.200: $2.900.
Oe. $2.900: $1,200.
1,200
Job No. 125 was completed during May and jobs No. 124 and 125 were shipped to customers in May. What were the company's
cost of goods sold for May and the goods in process inventory on May 31?
300
9:00
Transcribed Image Text:The job order cost sheets used by Garza Company revealed the following: Job No. Bal.. May 1 May Production Costs 124 125 126 Select one: a $4.100:50. Ob. $1,700: $1,200. OC$3,200 $ 900. $1,700 O d. $1.200: $2.900. Oe. $2.900: $1,200. 1,200 Job No. 125 was completed during May and jobs No. 124 and 125 were shipped to customers in May. What were the company's cost of goods sold for May and the goods in process inventory on May 31? 300 9:00
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