The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts.
Direct Materials Inventory | |||
Beg. Bal. | 9,000 | ? | Transferred Out |
Purchases | ? | ||
End. Bal. | 7,400 |
Cost of Goods Sold | |||
67,000 | |||
Work-in-Process Inventory | |||
Beg. Bal. | 8,500 | ? | Transferred Out |
Materials | 20,000 | ||
Labor | 14,500 | ||
Overhead | 9,000 | ||
End. Bal. | ? |
Finished Goods Inventory | |||
Beg. Bal. | ? | ? | Transferred Out |
Transferred in | 40,500 | ||
End. Bal. | 5,200 |
What is the value of the ending Work-in-Process inventory balance?
Multiple Choice
$5,200.
$9,000.
$11,500.
$0.
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,300 ? Transferred Out Purchases ? End. Bal. 6,700 Cost of Goods Sold 60,000 Transferred Out Work-in-Process Inventory Beg. Bal. 7,800 ? Materials 18,600 Labor 13,800 Overhead 8,300 End. Bal. Finished...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 9,400 ? Transferred Out Purchases End. Bal. 7,800 Cost of Goods Sold 71,000 Work-in-process Inventory Beg. Bal. 8,900 ? Transferred Out Materials 20,800 Labor 14,900 Overhead 9,400 End. Bal. Finished Goods...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,800 ? Transferred Out Purchases ? End. Bal. 7,200 Cost of Goods Sold 65,000 Work-in-Process Inventory Beg. Bal. 8,300 ? Transferred Out Materials 19,600 Labor 14,300 Overhead 8,800 End. Bal. ?...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,000 ? Transferred Out Purchases ? End. Bal. 6,400 Cost of Goods Sold 57,000 Work-in-Process Inventory Beg. Bal. 7,500 ? Transferred Out Materials 18,000 Labor 13,500 Overhead 8,000 End. Bal. ?...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,100 ? Transferred Out Purchases ? End. Bal. 6,500 Cost of Goods Sold 58,000 Work-in-Process Inventory Beg. Bal. 7,600 ? Transferred Out Materials 18,200 Labor 13,600 Overhead 8,100 End. Bal. ?...
please answer The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained From a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts Direct Materials Inventory Beg. Bal. 9,700 ? Transferred Out Purchases ? Cost of Goods Sold 74,000 Finished Goods Inventory Beg. Bal. Transferred Out End. Bal. 8,100 Work-in-Process Inventory Beg. Bal. 9,200 Transferred Out Materials...
me financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained om a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing mounts Direct Materials Inventory Beg. Bal. 9,700 Transferred Out Purchases ? Cost of Goods Sold 74,000 Transferred Out End. Bal. 8,100 Work-in-Process Inventory Beg. Bal. 9,200 Materials 21,400 Labor 15,200 Overhead 9,700 End. Bal. Finished Goods Inventory...
The following trial balance was taken from the records of Fairport Manufacturing Company at the beginning of Year 3. The following trial balance was taken from the records of Fairport Manufacturing Company at the beginning of Year 3. Cash Raw materials inventory Work in process inventory Finished goods inventory Property, plant, and equipment Accumulated depreciation Common stock Retained earnings Total $20,000 1,800 2,400 4,200 15,000 $ 6,000 16,800 20,600 $43,400 $43,400 Transactions for the Accounting Period 1. Fairport purchased $11,400...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 5,000 9,000 5,200 Work in Process Beg Bal 4,100 22,200 6,200 8,500 8,300 Finished Goods Beg Bal 2,200 20,400 22,200 Manufacturing Overhead 2,800 8,300 3,500 3,200 Wages & Salaries Payable 20,400 Beg Bal 2,500 12,000 Cost of Goods Sold Beg Bal 20,400 The direct materials cost was:
Job Cost Journal Entries and T Accounts Following are certain operating data for Durango Manufacturing Company for January 2019: Materials Inventory Work in Process Inventory Finished Goods Inventory Beginning inventory $57,000 $24,000 $75,000 Ending inventory 33,000 40,500 48,000 Total sales were $1,800,000, on which the company earned a 40% gross profit. Durango uses a predetermined manufacturing overhead rate of 120% of direct labor costs. Manufacturing overhead applied was $360,000. Exclusive of indirect material used, total manufacturing overhead incurred was $243,000;...