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A summary of transactions completed in the quarter are shown below in $1,000's: a. Raw materials purchased on account b. Raw materials used in
A summary of transactions completed in the quarter are shown below in $1,000's: a. Raw materials purchased on account b. Raw materials used in production (80% direct; the remainder indirect) c. Salaries & wages paid in cash (58% direct; 15% Indirect; the remainder selling & admin) d. Depreciation on PP&E (60% manufacturing; the remainder selling & admin) e. Utility expenses paid on account (80% factory, the remainder headquarter building) Advertising expenses paid on account g. Manufacturing overhead applied to production h. Cost of goods manufactured Cash sales to customers Cost of goods sold (unadjusted) k. Underapplied or overapplied overhead closed entirely to Cost of Goods Sold $68 $80 $100 $50 $30 $10 $158 $253 $96 See the table below To answer the following three questions, use the table below using positive numbers to designate increases to an account balance and negative numbers (shown in parantheses) to designate decreases. Beg Cash A/R RM WIP FG $35 $8 $40 $34 PP&E MOH A/P R/E (net) $58 $148 $11 $312 a. b. C. d. e. f 9. h. L T k. $(40) $(40) End
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