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10) Flow of manufacturing costs The flow of manufacturing costs through the ledger of MF Enterprise. Co. during the month of August is summarized in
10) Flow of manufacturing costs The "flow" of manufacturing costs through the ledger of MF Enterprise. Co. during the month of August is summarized in the following T accounts. Certain amounts have been omitted and are represented by question marks. Work in Process Inventory Materials Inventory Beg. Bal. 31,000 44,000 End. Bal. 38,000 Beg. Bal. 10,000 102,000 7,000 End. Bal. Direct Labor Finished Goods Inventory Beg. Bal. 22,000 29,000 End. Bal. __? Manufacturing Overhead 36,000 36,000 Beg. Bal. 71,000 End. Bal. 78,000 Cost of Goods Sold From the data supplied above, determine each of the following amounts. Some of the required amounts already appear in the T accounts; others require a short computation | a) The amount of direct materials purchased during the month: b) The amount of direct labor cost assigned to production: c) The amount of accrued wages payable to direct labor workers at August 31: d) The cost of finished goods manufactured during the month: e) The cost of goods sold during the month
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