Complete the missing amounts and labels in the T-accounts. Work-in-Process Inventory-Cutting Work-in-Process Inventory-Finishing Work-in-Process Inventory-Packaging Finished Goods

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Complete the missing amounts and labels in the T-accounts.
Work-in-Process Inventory-Cutting

Balance, May 1 Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 0 (a) 57,000 5,000 39,000 16,000 Tra

Work-in-Process Inventory-Finishing

Balance, May 1 Transfer in from Direct Materials 11,000 80,000 (b) 21,000 Transfer out to Direct Labor Manufacturing Ove

Work-in-Process Inventory-Packaging

Finished Goods Inventory

Cost of Goods Sold

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Horngrens Accounting

ISBN: 978-0134674681

12th edition

Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Feb 12, 2018 09:54 AM

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Complete the missing amounts and labels in the T-accounts. Work-in-Process Inventory-Cutting Work-in-Process Inventory-Finishing Work-in-Process Inventory-Packaging Finished Goods

Question:

Balance, May 1 Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 0 (a) 57,000 5,000 39,000 16,000 Transfer out to Balance, May 1 Transfer in from Direct Materials 11,000 80,000 (b) 21,000 Transfer out to Direct Labor Manufacturing Overhead Balance, May 31 (c) 18,000 68,000

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WorkinProcess InventoryCutting Balance May 1 0 a 85000 Transfer out to WIPFinishing Direct Materials ...View the full answer

Horngrens Accounting

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