Question
1. 23 2. May 1 inventories-Finished Goods $13,190, Work in Process $17,600, and Raw Materials $8,480. May 31 inventories-Finished Goods $16,360, Work in Process
1. 23 2. May 1 inventories-Finished Goods $13,190, Work in Process $17,600, and Raw Materials $8,480. May 31 inventories-Finished Goods $16,360, Work in Process $18,720, and Raw Materials $7,150. 3. Debit postings to Work in Process were direct materials $54,600, direct labour $32,700, and manufacturing overhead applied $40,990. 4. Sales totalled $209,700.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
978-0077398194
