Work-in-Process Inventory | |
April 30 ( $ 6,600 + $ 4,300 ) |
$ 10,900 |
May 31 ( $ 4,300 + $ 3,900 + $ 4,700 + $ 5,600 ) |
$ 18,500 |
June 30 ( $ 5,600 +$ 3,800 ) |
$ 9,400 |
Finished Goods Inventory | |
April 30 | $ 1,200 |
May 31 ( $ 6,600 + $ 4,400 ) |
$ 11,000 |
June 30 ( $ 4,300 + $ 3,900 + $ 3,000 + $ 4,700 + $ 3,400) |
$ 19,300 |
Gross profit | |
April 30 ( $ 1,200 x 25% ) |
$ 300 |
May 31 ( $ 11,000 x 25% ) |
$ 2,750 |
June 30 ( $ 19,300 x 25% ) |
$ 4,825 |
Laubitz Company begins operations on April 1. Information from job cost sheets shows the following: Manufacturing...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Month Number April May June Completed 10 $6,900 $6,100 May 11 5.900 4.600 $2.800 June 1.900 April 6,600 5.700 June 6,000 3,900 Not complete 12 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 LINK TO TEXT LINK TO TEX What is the balance in...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following Job Number June 10 April $5,700 5,600 1,700 Manufacturing Costs Assigned Month May Completed $4,600 May 4,100 $2,200 June April 4,900 5,200 June 4,300 Not complete 12 14 6,400 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...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Month Number April MayJune Completed 10 $6,800 $5,000 11 6,000 5,300 $ 2.600 June 12 13 14 May 2,300 April 5,300 5,600 June 6,600 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....
Tiemney Company begins operations on April 1. Information from job cost sheets shows the following Job Number April $5,700 5,600 1,700 Manufacturing Costs Assigned Month May June Completed $4,600 May 4,100 $2,200 June April 4,900 5,200 June 6,400 4,300 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...
Sheffield Company begins operations on April 1. Information from job cost sheets shows the following. Job Number © April $6,100 5,900 1,400 Manufacturing Costs Assigned Month May June Completed $6,200 May 5,800 $3,800 June April 5,100 5,600 June 6,800 4,600 Not complete NM + 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...
Exercise 15-10 Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Month Number April May June Completed $7,200 $5,700 May 5,700 4,300 $3,600 June 1,600 April 6,000 5,500 June 6,100 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. What is the...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Number Month Completed April May June $5,500 6,100 1,600 $5,400 4,100 $3,500 May June April June Not complete 6,400 6,300 4,600 4,200 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...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Number April May June Completed 10 $5,200 $4,400 May 11 4,100 3,900 $2,000 June 12 1,200 April 13 4,700 4,500 June 14 5,900 3,600 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. Instructions...
Laubitz 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 $6,500 $4,400 May 11 $4,100 $3,900 $3,000 June 12 $1,200 April 13 $4,700 $3,400 June 14 $5,400 $3,600 Not Complete Each Job was sold for 30% above its cost in the month following completion. Hint: Determine the month sold for each job and then complete the question. Remember to add the total costs of...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Month Number April Complet May June $5,300 $4,800 May 10 6,100 4,900 $2,200 June 11 2,300 12 April 13 5,100 5,000 June 6,800 4,600 Not comp 14 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....