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Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Job Number 10 Manufacturing Costs Assigned Month April May June
Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Job Number 10 Manufacturing Costs Assigned Month April May June Completed $7,100 $4,900 May 4,300 5,100 $2,200 June 2,200 April 6,600 5,700 June 6,200 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. (a) - Your answer is partially correct. What is the balance in Work in Process Inventory at the end of each month? Work in Process Inventory April 30 $ 11400 May 31 $ 20700 June 30 $ 10500
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