Raw Materials Inventory Work-in-Process Inventory Finished Goods Inventory 30,000 | (a) (b) 33,000 (c) | (d) 8,000 15,300 Bal. 8,000 Bal. 9,300 Bal. 1,000 Accumulated Depreciation Accounts Payable Wages Payable 13,000 30,000 (e) Manufacturing Overhead Cost of Goods Sold 3,000 15,300 (g) 2,200 | (f) 2,900 13,000 Bal. Bal. 34,900 Determine the missing amounts. (Assume all beginning balances are $0 and that material costs are recorded before labor costs.)

Raw Materials Inventory Work-in-Process Inventory Finished Goods Inventory 30,000 | (a) (b) 33,000 (c) | (d) 8,000 15,300 Bal. 8,000 Bal. 9,300 Bal. 1,000 Accumulated Depreciation Accounts Payable Wages Payable 13,000 30,000 (e) Manufacturing Overhead Cost of Goods Sold 3,000 15,300 (g) 2,200 | (f) 2,900 13,000 Bal. Bal. 34,900 Determine the missing amounts. (Assume all beginning balances are $0 and that material costs are recorded before labor costs.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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