Complete the missing amounts and labels in the T-accounts. Work-in-Process Inventory--Cutting Balance, May 1 0 (a) Transfer out to ? Direct Materials 57,000 Direct Labor 5,000 Manufacturing Overhead 39,000 Balance, May 31 16,000 Work-in-Process Inventory ---Finishing Balance, May 1 11,000 80,000 Transfer out to ? Transfer in from (b) Direct Materials 21,000 Direct Labor (c) Manufacturing Overhead 18,000 Balance, May 31 68,000 Work-in-Process Inventory---Packaging Balance, May 1 4,000 (d) Transfer out to ? Transfer in from (e) Direct Materials 1,000 Direct Labor 9,000 Manufacturing Overhead 14,000 Balance, May 31 8,000 Finished Goods Inventory Balance, May 1 0 (f) Transfer out to ? Transfer in from ? (g) Balance, May 31 2,000 Cost of Goods Sold Balance, May 1 0 Transfer in from ? (h) Balance, May 31 (i)
Complete the missing amounts and labels in the T-accounts. Work-in-Process Inventory--Cutting Balance, May 1 0 (a) Transfer out to ? Direct Materials 57,000 Direct Labor 5,000 Manufacturing Overhead 39,000 Balance, May 31 16,000 Work-in-Process Inventory ---Finishing Balance, May 1 11,000 80,000 Transfer out to ? Transfer in from (b) Direct Materials 21,000 Direct Labor (c) Manufacturing Overhead 18,000 Balance, May 31 68,000 Work-in-Process Inventory---Packaging Balance, May 1 4,000 (d) Transfer out to ? Transfer in from (e) Direct Materials 1,000 Direct Labor 9,000 Manufacturing Overhead 14,000 Balance, May 31 8,000 Finished Goods Inventory Balance, May 1 0 (f) Transfer out to ? Transfer in from ? (g) Balance, May 31 2,000 Cost of Goods Sold Balance, May 1 0 Transfer in from ? (h) Balance, May 31 (i)
Chapter5: Process Costing
Section: Chapter Questions
Problem 4PA: During March, the following costs were charged to the manufacturing department: $14886 for...
Related questions
Question
100%
Complete the missing amounts and labels in the T-accounts.
Work-in-Process Inventory--Cutting | |||||
Balance, May 1 | 0 | (a) | Transfer out to | ? | |
Direct Materials | 57,000 | ||||
Direct Labor | 5,000 | ||||
Manufacturing |
39,000 | ||||
Balance, May 31 | 16,000 | ||||
Work-in-Process Inventory ---Finishing | |||||
Balance, May 1 | 11,000 | 80,000 | Transfer out to | ? | |
Transfer in from | (b) | ||||
Direct Materials | 21,000 | ||||
Direct Labor | (c) | ||||
Manufacturing Overhead | 18,000 | ||||
Balance, May 31 | 68,000 | ||||
Work-in-Process Inventory---Packaging | |||||
Balance, May 1 | 4,000 | (d) | Transfer out to | ? | |
Transfer in from | (e) | ||||
Direct Materials | 1,000 | ||||
Direct Labor | 9,000 | ||||
Manufacturing Overhead | 14,000 | ||||
Balance, May 31 | 8,000 | ||||
Finished Goods Inventory | |||||
Balance, May 1 | 0 | (f) | Transfer out to | ? | |
Transfer in from ? | (g) | ||||
Balance, May 31 | 2,000 | ||||
Cost of Goods Sold | |||||
Balance, May 1 | 0 | ||||
Transfer in from ? | (h) | ||||
Balance, May 31 | (i) |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 5 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub