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 $5,200(april)$4,400(may) May(completed)

11 4,100(april) 3,900(may) $3,000(june) June(completed) 12 1,200(april) April(completed) 13 4,700(may) 4,500(june) June(completed) 14 4,900(may) 3,600(june) 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? April 30$9300

May 31 ???

June 30 ???

What is the balance in Finished Goods Inventory at the end of each month?

April 30 $1,200 May 31$9,600

June 30 $20,200 What is the gross profit for May, June, and July? May$300

June $2,400 July 30$5,050

Can't seem to get the Works in Progress right. Help please?

• what is the question?

Laubitz 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 $6,500$4,400 May

11 4,100 4,200 $3,200 June 12 1,400 April 13 4,900 3,400 June 14 5,600 3,700 Not complete Each job was sold for 25 % above its cost in the month following completion. ANWERS: Work in Process Inventory April 30$10,600 with correct answer

May 31 $18,800 with correct answer June 30$9,300 with correct answer

Finished Goods Inventory

April 30 $1,400 with correct answer May 31$10,900 with correct answer

June 30 $19,800 with correct answer Month Gross Profit May$350 with correct answer

June $2,725 with correct answer July$4,950 with correct answer

• you need to take into account past work

so may 31 include unfinish from april ect

by the way your finish good and g p part will be wrong