Question 7. Part 4. Please fill in the blanks in the same format as the question CashAccounts ReceivableRaw Materials InventoryBal.14,000Bal.160,000Bal.6,000Work-in-Process InventoryFinished Goods InventoryProperty, Plant, and EquipmentBal.40,000Bal.20,400Bal.220,000 DateAccountsDebitCreditCash145,000a.Accounts Receivable145,000b.Selling and Administrative Expenses32,000Cash32,000Accounts Payable39,000C.Cash39,000d.Raw Materials Inventory28,200Accounts Payable28,200Work-in-Process InventoryManufacturing Overhead8,850e.1,200Raw Materials Inventory10,050Work-in-Process InventoryManufacturing Overheadf.20,60018,400Wages Payable39,000Wages Payable38,700g.Cash38,700h.Manufacturing Overhead2,500Accumulated Depreciation2,500Work-in-Process Inventory16,480i.Manufacturing Overhead16,480j.Finished Goods Inventory47,430Work-in-Process Inventory47,430k.Accounts Receivable104,000Sales Revenue104,000k.Cost of Goods Sold47,430Finished Goods Inventory47,430L.Cost of Goods Sold5,620Manufacturing Overhead5,620

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Description: Question 7. Part 4. Please fill in the blanks in the same format as the question CashAccounts ReceivableRaw Materials InventoryBal.14,000Bal.160,000Bal.6,000Work-in-Process InventoryFinished Goods InventoryProperty, Plant, and EquipmentBal.40,000Bal.

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Business

Accounting

Cash Accounts Receivable Raw Materials Inventory Bal. 14,000 Bal. 160,000 Bal. 6,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...

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What are the total costs to account for if a companys beginning inventory had $231,432 in materials, $186,450 in conversion costs, and added direct material costs ($4,231,392), direct labor ($2,313,392), and manufacturing overhead ($1,156,696)?
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