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Current Attempt in Progress Wildhorse Company begins operations on April 1. Information from job cost sheets shows the following: Manufacturing Costs Assigned Job Number
Current Attempt in Progress Wildhorse 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 $6,700 $4,400 May 11 4,200 4,200 $3,100 June 12 22 1,200 April 23 14 13 4,700 3,500 June 14 5,600 3,700 Not complete Each job was sold for 25% above its cost in the month following completion. Calculate the balance in Work in Process Inventory at the end of each month. Work in Process Inventory April 30 May 31 June 30 eTextbook and Media List of Accounts Calculate the balance in Finished Goods Inventory at the end of each month. Finished Goods Inventory April 30 May 31 June 30 eTextbook and Media List of Accounts Calculate the gross profit for May, June, and July. Month Gross Profit May $ June July eTextbook and Media List of Accounts
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