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1. Using the following accounts please tell me what the ending value would be for the following accounts. a. Ending materials inventory b. Ending work

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1. Using the following accounts please tell me what the ending value would be for the following accounts.
a. Ending materials inventory
b. Ending work in process
c. Ending finished good inventory
Raw materials beg. 55,000
Purchases 65,000
Transf. 45,000
WIP Beg 90,000
Payroll 21,000
OH 45,000
Cogm 31,000
FGI Beg 65,000
COGS 45,000
C22 1 Blue means to add 2 Red means to subtract 4 Materials inventory 5 Begginning balance materials purchased 7 materials transferred 8 Ending materials inventory Work in process 12 Begginning work in process 13 materials transferred in 14 direct labor 15 overhead 16 cost of goods completed 17 ending work in process 19 Finished goods inventory 20 21 Begginning inventory 22 Cost of goods completed 23 Cost of goods sold 24 Ending finished good inventory Sheet1 Ready 1

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