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Crane Company begins operations on April 1. Information from job cost sheets shows the following. job number April May June month completed 10 $7,100 $6,400
Crane Company begins operations on April 1. Information from job cost sheets shows the following.
job number April May June month completed
10 $7,100 $6,400
11 5,900 5,900 $3,300 June
12 1,500 April
13 6,500 6,100 June
14 6,800 4,000 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.
What is the balance in Finished Goods Inventory at the end of each month?
Finished Goods Inventory
april 30
may31
june 30
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