Tomlin Company begins operations on April 1. Information from job cost sheets sh
ID: 2442902 • Letter: T
Question
Tomlin 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 $5,400 $5,900 May
11 5,800 5,500 $3,800 June
12 1,700 April
13 6,700 5,400 June
14 5,400 4,000 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 Work in Process Inventory at the end of each month?
Explanation / Answer
Work inprocess at the end of the each month April May June Job 10 Manufacturing cost $5,400 Total W.I.P. Of Job 10 $5,400 The manufacturing cost of may month cannot be shown.Because Job 10 was completed in the month of April. Job 11 Manufacturng cost 5,800 5,800 5,500 Total W.I.P. Of Job 11 11,300 material cost of june $3,800 cannot be shown because Job 11 was completed in June. Job 12 Manufacturing cost 1,700 - - Total W.I.P. of Job 12 1,700 Job 13 Manufacturing cost 6,700 Total W.I.P. of Job 13 6,700 Job 14 Manufacturing Cost 9,400 Total W.I.P. of Job 14 9,400