1. Answer the following questions by analysing the T-accounts given below Materials Inventory Work in Process Inventory $ 18,000 Beg. balance $ 20,000 ? Beg. balance 360,000 Ending balance $ 14,000 230,000 400,000 Ending balance $ 25,000 Direct Labor Finished Goods Inventory $225,000 $ 98,000 $230,000 Ending balance $ 5,000 Beg. balance ? Ending balance $110,000 Manufacturing Overhead Cost of Goods Sold $400,000 $400,000 ? j) The total amount of inventory listed in the hear-end balance sheet k) Manufacturing overhead assigned to production

1. Answer the following questions by analysing the T-accounts given below Materials Inventory Work in Process Inventory $ 18,000 Beg. balance $ 20,000 ? Beg. balance 360,000 Ending balance $ 14,000 230,000 400,000 Ending balance $ 25,000 Direct Labor Finished Goods Inventory $225,000 $ 98,000 $230,000 Ending balance $ 5,000 Beg. balance ? Ending balance $110,000 Manufacturing Overhead Cost of Goods Sold $400,000 $400,000 ? j) The total amount of inventory listed in the hear-end balance sheet k) Manufacturing overhead assigned to production

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter20: Accounting For Inventory

Section20.2: Determining The Cost Of Merchandise Inventory

Problem 1OYO

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