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Tierney Company begins operations on April 1. Information from job cost sheets shows the following Job Number June 10 April $5,700 5,600 1,700 Manufacturing Costs
Tierney Company begins operations on April 1. Information from job cost sheets shows the following Job Number June 10 April $5,700 5,600 1,700 Manufacturing Costs Assigned Month May Completed $4,600 May 4,100 $2,200 June April 4,900 5,200 June 4,300 Not complete 12 14 6,400 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 u May 31 June 30 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 What is the gross profit for May, June, and July? Gross Profit May s June s July $ Slick if you would like to Show Work for this question: Open Show Work
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