Ivanhoe Company begins operations on April Information from job cost sheets shows the following.
Manufacturing Costs Assigned
tabletableJobNumberApril,May,June,tableMonthCompleted$$May$JuneAprilJuneNot complete
Job was completed in April. Job was completed in May. Jobs and were completed in June. Each job was sold for above its cost in the month following completion.
a
What is the balance in Work in Process Inventory at the end of each month?
Work in Process Inventory
April $
May $
June $
