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Exercise 15-10 a-c (Video) (Part Level Submission) Sheffield Company begins operations on April 1. Information from job cost sheets shows the following. Job Number May
Exercise 15-10 a-c (Video) (Part Level Submission) Sheffield Company begins operations on April 1. Information from job cost sheets shows the following. Job Number May 10 April $6,300 6,100 1,900 Manufacturing Costs Assigned Month June Completed $6,400 May 5,600 $3,200 June April 6,500 6,100 June 6,800 4,600 Not complete 11 12 13 14 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 12400 May 31 25000 June 30 11400 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Attempts: 2 of 3 used (b) What is the balance in Finished Goods Inventory at the end of each month? Finished Goods Inventory April 30 $ May 31 $ June 30 $ Click if you would like to Show Work for this question: Open Show Work
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