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What were the company cost of goods sold for may

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Reference no: EM132556464

Aspen Company prepared the job order cost sheets and it revealed the following:

Job. No              Bal, May 1 May                   Production Costs

124                          $2,700                              $-----

125                             1,600                              400

126                                800                                200

Question 1: 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?

Option 1: $5,100; $ 600.

Option 2: $4,300; $400.

Option 3: $4,700; $1,000.

Option 4: $1,000; $400.

Option 5: $4,100; $ 0.

Reference no: EM132556464

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