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iPad 8:47 PM 98% edugen.wileyplus.com Instagram H... What can I.. Instagram H.. chattanoog...McKamey A... Reset Pass...WileyPLUS NTER VERSION B ASSIGNMENT RESOURCES Exercise 15-10 15 Exercises Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Exercise 15-1 Exercise 15-2 (Part Level Submission) Exercise 15-2 Exercise 15-3 Manufacturing Costs Assigned Job Number 10 Month Completed ril $5,500 $5,000 May Exercise 15-5 Lever Subrnissian) Exercise 15-5 Exercise 15-6 Lever Subrnissian) 12 13 14 4,300 1,700 6,000 $2,100 June April 6,500 June 5,000 6,000 4,500 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. Exercise 15-7 Exercise 15-9 (Part What is the balance in Work in Process Inventory at the end of each month? Exercise 15-9 Exercise 15-10 (Part April 30 May 31 June 30 9800 Exercise 15-11 (Part 21300 Exercise 15-11 Exercise 15-12 Exercs Exercise 15-13 4500 LINK TO TEXT Review Score Review Results by Stu objective What is the balance in Finished Goods Inventory at the end of each month? April 30 May 31 June 30 1700 10500 23900 LINK TO TEXT What is the gross profit for May, June, and July? May 425 June 2625 LINK TO TEXT Click if you wo uld like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your Question Attempts: 0 of 3 used SAVE FOR LATER ANSWER Earn Maximum Points available only if you answer this question correctly in two attempts or less. Copyright © 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved.Explanation / Answer
Tierney Company (All amounts in $) Job No April May June Job Completion Month 10 5500 5000 May 11 4300 6000 2100 June 12 1700 April 13 5000 6500 June 14 6000 4500 Not Complete Balance in WIP Inventory at the end of April Job 10 completed in May 5500 Job 11 completed in June 4300 9800 May Job 11 completed in June 10300 Job 13 completed in June 5000 Job 14 yet incomplete 6000 21300 June Job 14 yet incomplete 10500 Balance in FG Inventory at the end of April Job 12 completed 1700 May Job 10 completed 10500 June Job 11 completed 12400 Job 13 completed 11500 23900 Gross Profits for the months of Cost of FG GP % Gross Profit May 1700 25% 425 June 10500 25% 2625 July 23900 25% 5975
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