The following information has been taken from the job order cost system, used by SALEEM CORPORATION: Job No.

Balance March 1

Production Cost in March

15

Rs. 150,000

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16

170,000

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17

50,000

Rs. 130,000

18

70,000

150,000

19



240,000

20



150,000

21



90,000

During March Job No. 17, 18 & 19 were completed, and job No. 15, 16 and 17 were sold on account at 40% above cost.

REQUIRED:

i) Cost of finished goods inventory – beginning

ii) Cost of goods in process inventory – beginning

iii) Cost of finished goods inventory – ending

iv) Cost of goods in process inventory – ending

v) Cost of goods manufactured

vi) Cost of Goods sold

vii) Sales

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)