the missing amounts indicated by the letters (a) through (i)
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 13P: Webster Company uses backflush costing to account for its manufacturing costs. The trigger points...
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Question
The following T-accounts represent September activity.
Required:
Compute the missing amounts indicated by the letters (a) through (i).
Materials Inventory | |||
BB (9/1) | 7,500 | ||
(a) | 3,900 | ||
(b) | |||
EB (9/30) | 10,500 |
Work-In-Process Inventory | |||
BB (9/1) | 23,600 | ||
179,800 | (e) | ||
121,000 | |||
98,100 | |||
EB (9/30) | 16,200 |
Finished Goods Inventory | |||
BB (9/1) | 13,400 | ||
(e) | (f) | ||
EB (9/30) | (g) |
Cost of Goods Sold | |||
396,700 | |||
Applied |
|||
(d) | |||
Manufacturing Overhead Control | |||
121,000 | |||
3,900 | |||
36,200 | |||
32,000 | |||
2,600 |
Wages Payable | |||
124,300 | |||
162,000 | (c) | ||
36,200 | |||
119,500 | EB (9/30) |
201,900 | BB (9/1) | ||
(h) | |||
233,900 | EB (9/30) |
Accounts Payable—Material Suppliers | |||
105,000 | |||
Prepaid Expenses | |||
BB(9/1) | 23,600 | ||
(i) | |||
EB(9/30) | 21,000 |
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