Cash Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Common Stock Bal. 73,000 (1) 14,000 Bal. 7,000 (2) 17,000 Bal 34,000 (6) 36,240 Bal. 85,000 (14) 50,000 Bal. 200,000 (13) 91,000 (3) 1,200 (1) 14,000 (2) 17,000 (6) 36,240 (4) 8,000 4,000 (4) 8,000 Retained Earnings Bal. Bal. 71,240 (7) 24,500 (5) 6,240 Bal 57,300 ( 8 ) 12,000 Manufacturing Overhead (8 ) 12,000 (10) 10,100 (10) 10,100 (9 ) 9,360 Sales Revenue (5) 6,240 91,000 Bal. 94,200 (11) 4,000 (9) 9,360 Bal. 50,360 (13) Boat 101 (12) 1,100 Cost of Goods Sold Production Supplies (15) 400 Balance 50,000 Job Cost Sheets Bal. 300 (12) Sold (50,000) (14) 60,000 (15 400 1,100 Bal. (Subsidiary accounts) (3) 1.200 Balance 0 Bal. 49,600 Bal. 400 Boat 103 Selling and Admin. Exp. Beginning balance 14,000 Manufacturing (7) 24,500 Materials 8,000 Equipment Boat 102 Labor 8,000 Bal. 90,000 Overhead 6,240 Balance 35,000 Accumulated Dep. Product cost 36,240 Cost transferred 0 To finish goods (36,240) Balance 35,000 Bal. 32,000 (11) 4,000 Ending balance 0 Bal. 36,000 Boat 104 Boat 103 Beginning balance 8,000 Balance 0 Materials 3,400 Cost transferred 36,240 Labor 5,000 Balance 36,240 Overhead 3,900 Boat 101 Ending balance 20,300 Cost sheet data transferred to permanent storage Boat 105 Beginning balance 12,000 Materials 5,600 Labor 7,000 Overhead 5,460 Ending balance 30,060BENCHMORE BOAT COMPANY Account Balances As of January 1, Year 2 Cash Raw materials inventory Work in process inventory Finished goods inventory Production supplies Manufacturing equipment 90,000 Accumulated depreciation (32,000] Common stock $200,000 Retained earnings 51300 Total $251300 $251300 Subsidiary Account Balances Work in Process Inventory Finished Goods Inventory Boat 103 $ 14.000 Boat 101 $50,000 Boat 104 8.000 Boat 102 35.000 Boat 105 12,000 Total $34.00 0 Total