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Beginning Ending Raw Materials $31,500 $45,500 Manufacturing Supplies $3,500 $7,000 Office Supplies $1,750 $2,625 Work in Process $87,500 $64,750 Finished Goods $52,500 $61,250 Other Accounts
| Beginning | Ending | |
| Raw Materials | $31,500 | $45,500 |
| Manufacturing Supplies | $3,500 | $7,000 |
| Office Supplies | $1,750 | $2,625 |
| Work in Process | $87,500 | $64,750 |
| Finished Goods | $52,500 | $61,250 |
Other Accounts needed: Cost of Goods Sold, Cash, Accumulated Depreciation, Period Costs, Overhead and Revenue
| Purchased Raw materials for Cash | $157,500 |
| Purchased manufacturing supplies for cash | $7,875 |
| Purchased office supplies for cash | $4,375 |
| Received cash for sales | $875,000 |
| Paid cash for direct labor charges | $201,250 |
| Paid Sales Commissions | $105,000 |
| Recorded Plant Depreciation | $33,250 |
| Recorded Office Depreciation | $14,000 |
| Paid Cash for Delivery Charges | $12,000 |
| Applied overhead to Work in process | $56,350 |
| Paid factory utilities | $15,000 |
| Adjusting Entries: | |
| Record Raw Material Used | |
| Record Office Supplies Used | |
| Record Manufacturing Supplies Used |
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Database Security And Auditing Protecting Data Integrity And Accessibility
Authors: Hassan A. Afyouni
1st Edition
0619215593, 9780619215590
