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3 years ago

Ivanhoe Company begins operations on April 1. Information from job cost sheets shows the following.

Business

1 answer:

ser-zykov [4K]3 years ago

6 0

The balance in Work in Process Inventory for April, May, and June will be $12800, $23100, and $9900.

<h3>How to calculate Work in Process Inventory</h3>

From the information, the Work in Process Inventory for April will be:

= $6900 + $5900 = $12800

The work in process inventory for May will be:

= $5900 + $4600 + $6600 + $6000

= $23100

The Work in Process Inventory for June will be:

= $6000 + $3900

= $9900

The balance in Finished Goods Inventory at the end of April will be $2800. The balance in Finished Goods Inventory at the end of May will be:

= $6900 + $6100

= $13000

The balance in Finished Goods Inventory at the end of June will be:

= $5900 + $4600 + $2800 + $6600 + $5700

= $25600

Learn more about work in process on:

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