Exercise 2-10 (Video) Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Job Number April 10 Manufacturing Costs Assigned Month May June Completed $5,600 May 4,300 $3,700 June April 6,000 5,100 June 6,700 4,600 Not complete $7,200 5,800 1,800 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. 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 LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE What is the gross profit for May, June, and July? Gross Profit May $ June $ July $