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How is my question incomplete? I am posting straight from H.W. website for you to help....

How is my question incomplete? I am posting straight from H.W. website for you to help. Not to disregard with saying incomplete. If I pay for the service is for assistance not to be disregarded.

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 $7,100 $4,900 May
11 4,300 4,900 $3,700 June
12 1,400 April
13 4,800 6,600 June
14 6,700 3,800 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.

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 $7,100 $4,900 May
11 4,300 4,900 $3,700 June
12 1,400 April
13 4,800 6,600 June
14 6,700 3,800 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)

New attempt is in progress. Some of the new entries may impact the last attempt grading.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

$

May 31

$

June 30

$

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Answer #1

Work in Process Inventory Workings April 30$ 11,400 [$7,100+4,300] May 31 $ 20,700 [$4,300+4,900+4,800+6,700] June 30 $ 10,50

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