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Exercise 15-10 (Part Level Submission) Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Job Number April $5,500 6,100
Exercise 15-10 (Part Level Submission) Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Job Number April $5,500 6,100 1,400 Manufacturing Costs Assigned Month May June Completed $5,900 May 4,800 $2,400 June April 5,500 4,600 June 7,000 3,800 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 11600 May 31 23400 June 30 10800 What is the balance in Finished Goods Inventory at the end of each month? Finished Goods Inventory April 30 1400 May 31 11400 June 30 23400 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT (c What is the gross profit for May, June, and July? Gross Profit May $ June o July $
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