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During September, the following events occurred: 1. Bramble purchased direct materials costing $419,000 on account. 2. Brambl

Calculate the ending September balance of the Direct Materials, Work in Process, and Finished Goods Inventory accounts. Endin
View Policies Current Attempt in Progress Bramble Fabricators produces protective covers for smart phones. Since the covers m
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Answer #1
Direct material Work in process Finished goods
Beg. Bal. $33,000 Beg. Bal. $154,000 Beg. Bal. $264,000
Account payable $419,000 WIP $433,000 Direct material $433,000 Work in process $852,000 COGS $1,084,000
Direct labor $299,920 Ending bal. $32,000
Ending bal. $19,000 Manufacturing overhead $164,000 Finished goods $852,000
$452,000 $452,000 Ending bal. $198,920
Manufacturing overhead $1,050,920 $1,050,920 $1,116,000 $1,116,000
Cash $175,000 WIP $164,000
Ending September Balance
Direct materials $19,000
Work in Process $198,920
Finished Goods $32,000
Total manufacturing cost $175,000

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