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managerial accounting help please?

Update:

Job April May June month completed

10 $5200 $4400 May

11 $4100 $3900 $2000 June

12 $1200 April

13 $4700 $4500 June

14 $5900 $3600 Not compl

Each Job was sold for 25% above its costs in the month following completion.

a) What is the balance in work in process inventory at the end of each month?

Update 2:

Job__April_____May___June___month completed

10___ $5200___$4400___________May

11___$4100___$3900 $2000 June

12___$1200____________________April

13 __________$4700___$4500___June

14 _________$5900___$3600___Not complete

Each Job was sold for 25% above its costs in the month following completion.

a) What is the balance in work in process inventory at the end of each month?

Update 3:

_______________________________________

Job__April_____May___June___month completed

10___ $5200___$4400___________May

11___$4100___$3900 $2000 June

12___$1200____________________April

13 __________$4700___$4500___June

14 _________$5900___$3600___Not complete

Each Job was sold for 25% above its costs in the month following completion.

a) What is the balance in work in process inventory at the end of each month?

1 Answer

Relevance
  • 6 years ago

    There are 2 more question:

    b) What is balance in finished goods inventory at the end of each month?

    c) What is the gross profit for May, June, July?

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