Question

Streetwise Shirts manufactures customized t-shirts. The company provided the following information on its January jobs: Job...

Streetwise Shirts manufactures customized t-shirts.
The company provided the following information on its January jobs:


Job
Job Cost
Jan 31st
Month
Started
Month
Completed
Month
Sold
DEC111 $8,900 December January January
DEC222 $14,500 December Not Complete Not Sold
JAN111 $17,600 January January Not Sold


What is the value of Steetwise's work-in-process inventory on January 31st?

Select one:

$17,600

$32,100

$26,500

$14,500

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Answer #1
The value of Steetwise's work-in-process inventory on January 31st is cost of not Complete job DEC222 $14500
Option 4 $14,500 is correct
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