Bryan Manufacturing begins operations on March 1. Information from job cost sheets shows the following: Manufacturing Costs
Question:
Bryan Manufacturing begins operations on March 1. Information from job cost sheets shows the following: Manufacturing Costs Assigned (non-cumulative) Job March April May
A $11,500
B $ 5,200 $7,300
C $ 3,400 $5,800 $4,200
D $7,100 $8,000
E $3,400
Job A was completed in March. Job B was completed in April. Job C was completed in May. Each job was sold in the month following completion. Instructions: Determine the following amounts:
1. Work in process inventory, March 31 $_______________
2. Finished goods inventory, March 31 $_______________
3. Work in process inventory, April 30 $_______________
4. Finished goods inventory, April 30 $_______________
5. Work in process inventory, May 31 $_______________
6. Finished goods inventory, May 31 $_______________
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger