Crane Company begins operations on April 1. Information from job cost sheets shows the following.JobNumber April$4,26010(a)11121314April 303,360May 31980June 30Manufacturing Costs AssignedMay$3,6203,200 $1,6403,8504,840June3,6902,950MonthCompletedJob 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% aboveits cost in the month following completion.MayJuneWork in Process InventoryAprilWhat is the balance in Work in Process Inventory at the end of each month?JuneNot complete

Name: Crane Company begins operations on April 1. Information from job cost
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Description: Crane Company begins operations on April 1. Information from job cost sheets shows the following.JobNumber April$4,26010(a)11121314April 303,360May 31980June 30Manufacturing Costs AssignedMay$3,6203,200 $1,6403,8504,840June3,6902,950MonthCompletedJo

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Crane Company begins operations on April 1. Information from job cost sheets shows the following. Job Number April 10 (a) 11 12 13 14 April 30 $4,260 May 31 3,360 June 30 980 $ Manufacturing Costs Assigned $ May $3,620 3,200 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. $ 3,850 4,840 June What is the balance in Work in Process Inventory at the end of each month? $1,640 Month Completed May June April June 3,690 2,950 Not complete Work in Process Inventory

Crane Company begins operations on April 1. Information from job cost sheets shows the following. Job Number April 10 (a) 11 12 13 14 April 30 $4,260 May 31 3,360 June 30 980 $ Manufacturing Costs Assigned $ May $3,620 3,200 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. $ 3,850 4,840 June What is the balance in Work in Process Inventory at the end of each month? $1,640 Month Completed May June April June 3,690 2,950 Not complete Work in Process Inventory

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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