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
11
12
13
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.
(a)
Your answer is incorrect.
What is the balance in Work in Process Inventory at the end of each month?
Work in Process Inventory
April 30
$
2200
May 31
$
3000
June 30
$
5975