Question
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 $6,100 $6,200 May 11 5,900 5,800 $3,800 June 12 1,400 April 13 5,100 5,600 June 14 6,800 4,600 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. Collapse question part (a) Partially correct answer. Your answer is partially correct. Try again. What is the balance in Work in Process Inventory at the end of each month? Work in Process Inventory April 30 $Entry field with correct answer 12000 May 31 $Entry field with incorrect answer 10900 June 30 $Entry field with incorrect answer 10200 SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 3 of 3 used Collapse question part (b) Correct answer. Your answer is correct. What is the balance in Finished Goods Inventory at the end of each month? Finished Goods Inventory April 30 $Entry field with correct answer 1400 May 31 $Entry field with correct answer 12300 June 30 $Entry field with correct answer 26200 SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used Collapse question part (c) What is the gross profit for May, June, and July? Gross Profit May $ June $ July $ ONLY THING I NEED IS GROSS PROFIT
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