Question

The following T-accounts represent September activity. Required: Compute the missing amounts indicated by the letters (a) through (1). Materials Inventory Work-In-Process Inventory BB (9/1) 8,000 BB (9/1) 22,500 (a) 5,300 181,700 (e) (b) 121,000 87,400 EB (9/30) 10,300 EB (9/30) 18,700 Finished Goods Inventory Cost of Goods Sold BB (9/1) 13,900 396,700 (e) (f) ces EB (9/30) Applied Overhead Control (d) Manufacturing Overhead Control 121,000 5,300 36,200 37,400 3,600 Accumulated Depreciation-Plant & Equipment 201,800 BB (9/1) (h) Wages Payable 124,300 162,000 (c) 36,200 EB (9/30) 119,500 EB (9/30) Accounts Payable-Material Suppliers 95,000 239,200 Prepaid Expenses 24,700 (i) BB (9/1) EB (9/30) 21,100

Answer 1

Calculation of Missing Figures From A to I beg bal $ $ Beg bal Materials inventory 8,000 95,000 $ 5,300 $ 87,400 B 10,300 $ $ $ $ work in process inventory 27,500 1,81,700 1,21,000 87,400 $ 3,98,900 E 18,700 end bal $ End bal $ Applied overhead control $ 1,81,700D Beg bal finished goods inventory 13,900 3,98,900 $ 3,96,700 F $ $ E EB (G) $ 16,100 $ Wages payable 1,62,000 $ 1,24,300 $ 1,21,000 C $ 36,200 $ 1,19,500 EB Accumulated depreciation $ 2,01,800 $ 37,400 H $ 2,39,200EB BB $ prepaid expense 24,700 $ 21,100 3,600 I EB $ cost of goods sold Beg bal $ $ Beg,bal Accounts payable-Materials suppliers $ $ 95,000 3,96,700 end bal $ 3,96,700 end bal $ 95,000 * Kindly Comment down for any clarifications/ queries and please upvote.