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hi could you please answer the attached question and show answer Tierney Company begins operations on April 1. Information from job cost sheets shows the
hi could you please answer the attached question and show answer
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 $5,700 $4,600 11 5,600 4,100 $2,200 May 12 1,700 13 4,900 5,200 June 14 6,400 4,300 Not complete June April 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? April 30 May 31 June 30 Work in Process Inventory $ $ $ What is the balance in Finished Goods Inventory at the end of each month? April 30 May 31 June 30 Finished Goods Inventory $ $ $ What is the gross profit for May, June, and July? Gross Profit $ May $ June $ JulyStep by Step Solution
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