Question

Analyze the following T-accounts: (Click the icon to view the T-accounts.) Determine the missing amounts. (Assume all beginning balances are $0 and that material costs are recorded before labor costs.) Finished Goods Inventory Raw Materials Inventory 25,000 (a) (b) Work-in-Process Inventory 30,000 6,000 11,700 Bal. 8,000 Bal. 3,700 Bal. 1,000 Accumulated Depreciation Accounts Payable Wages Payable 12,000 25,000 Cost of Goods Sold (g) Manufacturing Overhead 1,000 11,700 1,800 12,000 3,100 Bal. Bal. 32,100

Answer 1

	Raw materials inventory					Work in process inventory					Finished goods inventory
	25,000	17,000	a)		b)	16,000	30,000			c)	30,000	29,000	d)
						6,000
						11,700
Bal	8,000				Bal	3,700				Bal	1,000
	Accumulated Depreciation					Accounts payable					Wages payable
		12,000					25,000					7,800	e)
	Manufacturing overhead					Cost of goods sold
	1,000	11,700			g)	29,000
	1,800	3,100	f)			3,100
	12,000
Balance	0				Bal	32,100