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Question(s) / Instruction(s):

A company worked on three jobs during June 2008. Job 25 with a cost of $10,000 was started in May, completed in June and sold in July. Job 26 with a cost of $8,000 was started in April, completed in June and sold in June. Job 27 with a cost of $11,500 was started in June, completed in July and sold in August.
Required:
Compute the balances in Work-in-process inventory, Finished Goods Inventory, and Cost of goods sold at June 30, 2008.

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