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Crane Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Number April May June Month
Crane Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Number April May June Month Completed 10 $6.460 $5,820 May 11 5,120 4,960 $2,520 June 12 1,420 April 13 5,830 5,670 June 14 7,480 4,490 Not complete Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion. (a) Your answer is correct. What is the balance in Work in Process Inventory at the end of each month? Work in Process Inventory April 30 $ 11580 May 31 $ 23390 June 30 6A 11970 (b) What is the balance in Finished Goods Inventory at the end of each month? Finished Goods Inventory April 30 $ May 31 69 June 30 $
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