question archive Tierney Company begins operations on April 1
Subject:AccountingPrice:2.84 Bought3
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 $6,700 $5,700 May 4,300 4,900 $3,200 June 1,700 April 5,800 4,700 June 6,100 4,300 Not complete 11 12 13 14 Job 12 was completed in April. Job 10 was completed in May, Jobs 11 and 13 were completed in June. Eachjob was sold for 25% above its cost in the month following completion.
Your answer is correct What is the balance in Work in Process Inventory at the end of each month? Work in Process Inventory $ 11000 April 30 May 31 $ 21100 June 30 $ 10400
(b) 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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