Manufacturing Costs Assigned Job Number April May June Month Completed Tierney C

Question

Manufacturing Costs Assigned

Job
Number

April

May

June

Month
Completed

Tierney 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 $5,900 $6,200 May 11 5,300 5,800 $2,700 June 12 2,200 April 13 5,800 5,700 June 14 6,900 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.

Explanation / Answer

Answers

Started during month

Completed during month

Beginning WIP Inventory

Job 10

Job 11

Job 12

Job 13

Job 14

Job 10

Job 11

Job 12

Job 13

Job 14

Ending WIP Inventory

[A]

[B]

[C]

[D]

[E]

[F]

[G]

[H]

[I]

[J]

[K]

[L = A + B + C + D + E – G – H – I – J – K]

April

$                                                        -  

$                       5,900.00

$              5,300.00

$                   2,200.00

$                     2,200.00

$                 11,200.00

May

$                                         11,200.00

$                       6,200.00

$              5,800.00

$             5,800.00

$             6,900.00

$          12,100.00

$                 23,800.00

June

$                                         23,800.00

$              2,700.00

$             5,700.00

$             4,000.00

$                13,800.00

$                      11,500.00

$                 10,900.00

TOTAL

$                     12,100.00

$            13,800.00

$                   2,200.00

$          11,500.00

$          10,900.00

$          12,100.00

$                13,800.00

$                     2,200.00

$                      11,500.00

$                          -  

Work in Process Inventory

TOTAL [Answer column] =

Job 10 +

Job 11 +

Job 12 +

Job 13 +

Job 14

Apr-30

$                      11,200.00

$             5,900.00

$                   5,300.00

$                                   -  

$                  -  

$                   -  

May-31

$                      23,800.00

$                          -  

$                 11,100.00

$                                   -  

$     5,800.00

$      6,900.00

Jun-30

$                      10,900.00

$                          -  

$                                -  

$                                   -  

$                  -  

$   10,900.00

Started during month

Completed during month

Beginning WIP Inventory

Job 10

Job 11

Job 12

Job 13

Job 14

Job 10

Job 11

Job 12

Job 13

Job 14

Ending WIP Inventory

[A]

[B]

[C]

[D]

[E]

[F]

[G]

[H]

[I]

[J]

[K]

[L = A + B + C + D + E – G – H – I – J – K]

April

$                                                        -  

$                       5,900.00

$              5,300.00

$                   2,200.00

$                     2,200.00

$                 11,200.00

May

$                                         11,200.00

$                       6,200.00

$              5,800.00

$             5,800.00

$             6,900.00

$          12,100.00

$                 23,800.00

June

$                                         23,800.00

$              2,700.00

$             5,700.00

$             4,000.00

$                13,800.00

$                      11,500.00

$                 10,900.00

TOTAL

$                     12,100.00

$            13,800.00

$                   2,200.00

$          11,500.00

$          10,900.00

$          12,100.00

$                13,800.00

$                     2,200.00

$                      11,500.00

$                          -  

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