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Sheffield Company begins operations on April 1. Information from job cost sheets shows the following. Job Number April $6,100 5,900 1,400 Manufacturing Costs Assigned Month
Sheffield Company begins operations on April 1. Information from job cost sheets shows the following. Job Number April $6,100 5,900 1,400 Manufacturing Costs Assigned Month May June Completed $6,200 May 5,800 $3,800 June April 5,100 5,600 June 6,800 4,600 Not complete NM + 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 A May 31 A June 30 A LINK TO TEXT LINK TO TEXT What is the balance in Finished Goods Inventory at the end of each month? Finished Goods Inventory April 30 May 31 1 June 30 What is the gross profit for May, June, and July? Gross Profit May $ June July
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