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Sheridan Company begins operations on April 1. Information from job cost sheets shows the following: Manufacturing Costs Assigned Job Number April May June Month Completed
Sheridan 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 $6,600 $4,600 May 11 4,400 4,200 $3,200 June 12 1,200 April 13 4,700 3,600 June 14 5,400 3,800 Not complete Each job was sold for 25% above its cost in the month following completion.Calculate the balance in Finished Goods Inventory at the end of each month. Finished Goods Inventory April 30 tA May 31 tA June 30 tA
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