Analyzing materials and other transactions Vincenzo’s Manufacturing Co. uses a job orde...

Analyzing materials and other transactions

Vincenzo’s Manufacturing Co. uses a job order cost system. The following accounts have been taken from the books of the company:

Required:

1. Analyze the accounts and describe in narrative form what transactions took place. (Use the reference letters a. through f. in your explanations and note that some accounts needed in your explanation have been purposely omitted.)

2. List the supporting documents or forms required to record each transaction involving the receipt or issuance of materials.

3. Determine the ending balances for Materials, Work in Process, and Finished Goods.