Question 8 of 9 - BUS 247 pre-mid term exam Marked Quiz 1 - Chapters 1, 2, 3 and 5 2024-05-27, 6:21 PM

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Sandhill 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 $6,600 $4,600 May

11 4,100 3,900 $3,100 June

12 1,200 April

13 4,800 3,500 June

14 5,500 3,700 Not complete

Each job was sold for 25% above its cost in the month following completion.

Calculate the balance in Work in Process Inventory at the end of each month.

Work in Process Inventory

April 30 $

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Question 8 of 9 - BUS 247 pre-mid term exam Marked Quiz 1 - Chapters 1, 2, 3 and 5 2024-05-27, 6:21 PM

May 31 $

June 30 $

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List of Accounts

Calculate the balance in Finished Goods Inventory at the end of each month.

Finished Goods Inventory

April 30 $

May 31 $

June 30 $

BUS 247 pre-mid term exam Marked Quiz 1 - Chapters 1, 2, 3 and 5 01 : 59 : 21

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Question 8 of 9 -/1
List of Accounts

Calculate the gross profit for May, June, and July.

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Question 8 of 9 - BUS 247 pre-mid term exam Marked Quiz 1 - Chapters 1, 2, 3 and 5 2024-05-27, 6:21 PM

Month Gross Profit

May $

June $

July $

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List of Accounts

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