49. Blue Dynamics manufactures custom water fountains and employs job-order costing system. Beginning raw materials on October 1 totaled $15,600. During October, Blue Dynamics transactions and accounts included the following: Raw materials acquired for cash $ 7,500 Raw materials received on account 88,900 Direct materials requisitioned and transferred to production 91,200 Cost of goods manufactured 187,900 How much is the balance of Raw Materials on October 31? A. $20,800 B. $96,400 C. $5,200 D. $9,800

50. Hard Walks Inc. designs and builds custom sidewalks and employs a job-order costing system. During June, the companys transactions and accounts included the following: Raw materials purchased $282,000 Direct materials used in production 290,000 Raw materials inventory, beginning 11,400 Corporate administrative costs 22,500 Selling expenses 16,500 Sales 389,000 Total manufacturing overhead applied 45,300 Total manufacturing overhead incurred 49,100 Finished goods, beginning 21,400 Work in process inventory, beginning 31,800 Work in process inventory, ending 28,700 Direct labor cost incurred 42,300 Finished goods, ending 23,500 How much is cost of goods manufactured for June? A. $348,900 B. $377,600 C. $380,700 D. $384,500

51. Tranham, Inc. uses a job-order costing system. It reported the following amounts for March: Work in process, March 1 $38,000 Finished goods, March 1 $14,000 Work in process, March 31 35,000 Finished goods, March 31 17,500 Cost of goods manufactured 169,000 Raw materials, March 1 12,300 Direct labor used 64,000 Raw materials, March 31 12,000 Selling costs incurred 32,000 Direct materials used 63,000 How much of the above amounts will Traynham report on its balance sheet at the end of March? A. $64,500 B. $233,500 C. $192,500 D. $169,000

52. Tranham, Inc. uses a job-order costing system. It reported the following amounts for March: Work in process, March 1 $38,000 Finished goods, March 1 $14,000 Work in process, March 31 35,000 Finished goods, March 31 17,500 Cost of goods manufactured 169,000 Raw materials, March 1 12,300 Direct labor used 64,000 Raw materials, March 31 12,000 Selling costs incurred 32,000 Direct materials used 63,000 How much will Traynham report as cost of goods sold for the month of March? A. $169,000 B. $172,000 C. $183,000 D. $165,500