Work-in-Process Inventory-Cutting Balance, May 1 0 (a) Transfer out to Direct Materials 57,000 Direct Labor 5,000 Manufacturing Overhead Balance, May 31 39,000 16,000 Work-in-Process Inventory-Finishing 11,000 80,000 (b) 21,000 Balance, May 1 Transfer in from Transfer out to Direct Materials Direct Labor (c) Manufacturing Overhead Balance, May 31 18,000 68,000| Balance, May 1 Transfer in from Work-in-Process Inventory-Packaging 4,000 (d) (e) Transfer out to Direct Materials 1,000 Direct Labor 9,000 Manufacturing Overhead Balance, May 31 14,000 8,000 Finished Goods Inventory 0 (f) (g) 2,000 Balance, May 1 Transfer out to Transfer in from. Balance, May 31 Cost of Goods Sold Balance, May 1 (h) (i)| Transfer in from Balance, May 31
Work-in-Process Inventory-Cutting Balance, May 1 0 (a) Transfer out to Direct Materials 57,000 Direct Labor 5,000 Manufacturing Overhead Balance, May 31 39,000 16,000 Work-in-Process Inventory-Finishing 11,000 80,000 (b) 21,000 Balance, May 1 Transfer in from Transfer out to Direct Materials Direct Labor (c) Manufacturing Overhead Balance, May 31 18,000 68,000| Balance, May 1 Transfer in from Work-in-Process Inventory-Packaging 4,000 (d) (e) Transfer out to Direct Materials 1,000 Direct Labor 9,000 Manufacturing Overhead Balance, May 31 14,000 8,000 Finished Goods Inventory 0 (f) (g) 2,000 Balance, May 1 Transfer out to Transfer in from. Balance, May 31 Cost of Goods Sold Balance, May 1 (h) (i)| Transfer in from Balance, May 31
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 12PB: The following data summarize the operations during the year. Prepare a journal entry for each...
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Tracking the flow of costs
Complete the missing amounts and labels in the T-accounts.
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