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Pharoah Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Number April May June Month
Pharoah 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 $5,760 $5,120 May 11 4,560 4,400 $2,240 June 12 1,280 April 13 14 5,200 5,040 June 6,640 4,000 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 incorrect. What is the balance in Work in Process Inventory at the end of each month? Work in Process Inventory April 30 $ 11600 May 31 $ 21360 June 30 $ 11280
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