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Exercise 2-10 (Video) Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Number April
Exercise 2-10 (Video) Tierney 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 $7,200 $6,200 11 12 6,200 1,800 4,000 May $3,500 June April 13 14 6,400 6,000 6,200 June 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. What is the balance in Work in Process Inventory at the end of each month? Work in Process Inventory April 30 May 31 June 30 What is the balance in Finished Goods Inventory at the end of each month? Finished Goods Inventory April 30 May 31 June 30 $
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