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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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