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 8,900 ? ? Beg. Bal. Purchases End. Bal. Work-in-Process Inventory 8,400 ? 19,800 14,400 8,900 Beg. Bal. Materials Labor Overhead End. Bal. Beg. Bal. 7,300 Cost of Goods Sold 66,000 Finished Goods Inventory ? ? Transferred in End. Bal. 40, 400 5,100 Transferred Out Transferred Out Transferred Out What is the value of the ending Work-in-Process inventory balance?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
8,900
?
?
Beg. Bal.
Purchases
End. Bal.
Work-in-Process Inventory
8,400
?
19,800
14,400
8,900
Beg. Bal.
Materials
Labor
Overhead
End. Bal.
Beg. Bal.
7,300
Cost of Goods Sold
66,000
Finished Goods Inventory
?
Transferred in
End. Bal.
40, 400
5,100
Transferred Out
Transferred Out
Transferred Out
What is the value of the ending Work-in-Process inventory balance?
Transcribed Image Text: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 8,900 ? ? Beg. Bal. Purchases End. Bal. Work-in-Process Inventory 8,400 ? 19,800 14,400 8,900 Beg. Bal. Materials Labor Overhead End. Bal. Beg. Bal. 7,300 Cost of Goods Sold 66,000 Finished Goods Inventory ? Transferred in End. Bal. 40, 400 5,100 Transferred Out Transferred Out Transferred Out What is the value of the ending Work-in-Process inventory balance?
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