On April 1, Sukanya Company had the following balances in its inventory accounts:LO1 Materials Inventory Work-in-Process Inventory

On April 1, Sukanya Company had the following balances in its inventory accounts:LO1

Transcribed Image Text:

Materials Inventory Work-in-Process Inventory Finished Goods Inventory $12,450 22,605 4,600 Work-in-process inventory is made up of three jobs with the following costs: Direct materials Direct labor Applied overhead Job 114 $3,650 1,800 1,350 Job 115 $1,900 1,560 1,170 Job 116 $3,650 4,300 3,225 During April, Sukanya experienced the transactions listed below. a. Materials purchased on account, $26,000. b. Materials requisitioned: Job 114, $16,500; Job 115, $12,200; and Job 116, $5,000.