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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

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 $ 6,600 $ 5,400 May
11 4,600 5,600 $ 3,900 June
12 1,700 April
13 5,500 5,700 June
14 6,300 4,700 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.

- What is the balance in Finished Goods Inventory at the end of each month?

Finished Goods Inventory
April 30

$

May 31

$

June 30

$

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