Question

Problem 7-50 (Static) Assigning Costs: Missing Data (LO 7-2, 3) The following T-accounts represent September activity. Required: Compute the missing amounts indicated by the letters (a) through (). Materials Inventory вB (9/1) 8,000 (a) Work-in-Process Inventory ВB (9/1) 22, зе 180,50e 121,00е 94,e0e 17,700 4,300 (b) (e) EB (9/30) 9,70e Finished Goods Inventory ЕВ (9/зе) Cost of Goods Sold вB (9/1) 14,200 (e) 402,80e (f) ЕB (9/30) (g) Applied Overhead Control (d) Manufacturing Overhead Control 121, eee 4,3ee 36, 200 31,60e 3, 20e Next <Prev 16 of 16

Answer 1

Materials inventory					work in process inventory
	beg bal	8,000				Beg bal	22,300
	a)	100,000	4,300				180,000
			94,000	b)			121,000
	end bal	9,700					94,000
								399,600
						End bal	17,700
	finished goods inventory					Applied overhead control
	Beg bal	14,200						180,000	d)
	e)	399,600	402,800	f)
	EB (g)	11,000
	Wages payable					Accumulated depreciation
		162,000	124,300					204,100
			121,000	( c)				31,600	(h)
			36,200
			119,500	EB				235,700	EB
	prepaid expense
	BB	24,300
			3,200	i
	EB	21,100
	cost of goods sold					Accounts payable-Materials suppliers
	Beg bal	0				Beg,bal		0
		402,800						100,000
	end bal	402,800				end bal		100,000