Bal. 1/1 Bal. 12/31 Bal. 1/1 Direct material Direct labor Manufacturing overhead Bal. 12/31 Raw-Materials Inventory 21,000 ? 36,000 Work-in-Process Inventory 17,000 ? ? ? ? 19,000 ? Manufacturing Overhead ? 147,000 ? Wages Payable 2,000 ? 5,000 Bal. 1/1 Bal. 12/31 Bal. 1/1 Bal. 12/31 Bal. 1/1 Bal. 12/31 Accounts Payable 2,500 ? 1,000 136,500 Finished-Goods Inventory 12,000 ? ? 20,000 Cost of Goods Sold 710,000 Sales Revenue ? Accounts Receivable 11,000 ? 15,000 806,000 Bal. 1/1 Bal. 12/31

Bal. 1/1 Bal. 12/31 Bal. 1/1 Direct material Direct labor Manufacturing overhead Bal. 12/31 Raw-Materials Inventory 21,000 ? 36,000 Work-in-Process Inventory 17,000 ? ? ? ? 19,000 ? Manufacturing Overhead ? 147,000 ? Wages Payable 2,000 ? 5,000 Bal. 1/1 Bal. 12/31 Bal. 1/1 Bal. 12/31 Bal. 1/1 Bal. 12/31 Accounts Payable 2,500 ? 1,000 136,500 Finished-Goods Inventory 12,000 ? ? 20,000 Cost of Goods Sold 710,000 Sales Revenue ? Accounts Receivable 11,000 ? 15,000 806,000 Bal. 1/1 Bal. 12/31

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter10: Accounting Systems For Manufacturing Operations

Section: Chapter Questions

Problem 8CDQ: Describe the Source 01 the data for increasing Work in Process for (a) direct materials, (b) direct...

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