Complete the missing amounts and labels in the T-accounts.

1(Click

the icon to view the T-accounts.)

Begin with the

Work-in-ProcessCutting

T-account, then complete each of the remaining T-accounts. (Abbreviations used: COGS = Cost of Goods Sold, FG = Finished Goods, WIP = Work-in-Process)

Work-in-Process InventoryCutting
Balance, May 1		0		Transfer out to	(1) WIPFinishing
Direct Materials		50,000
Direct Labor		8,000
Manufacturing Overhead		37,000
Balance, May 31		12,000

Work-in-Process InventoryFinishing
Balance, May 1		8,000	100,000	Transfer out to	(2)
Transfer in from	(3)
Direct Materials		27,000
Direct Labor
Manufacturing Overhead		18,000
Balance, May 31		49,000

Work-in-Process InventoryPackaging
Balance, May 1		3,000		Transfer out to	(4)
Transfer in from	(5)
Direct Materials		11,000
Direct Labor		3,000
Manufacturing Overhead		9,000
Balance, May 31		6,000

Finished Goods Inventory
Balance, May 1		0		Transfer out to	(6)
Transfer in from	(7)
Balance, May 31		10,000

Cost of Goods Sold
Balance, May 1		0
Transfer in from	(8)
Balance, May 31

1: More Info

Work-in-Process InventoryCutting
Balance, May 1		0	(a)	Transfer out to
Direct Materials		50,000
Direct Labor		8,000
Manufacturing Overhead		37,000
Balance, May 31		12,000
Work-in-Process InventoryFinishing
Balance, May 1		8,000	100,000	Transfer out to
Transfer in from		(b)
Direct Materials		27,000
Direct Labor		(c)
Manufacturing Overhead		18,000
Balance, May 31		49,000
Work-in-Process InventoryPackaging
Balance, May 1		3,000	(d)	Transfer out to
Transfer in from		(e)
Direct Materials		11,000
Direct Labor		3,000
Manufacturing Overhead		9,000
Balance, May 31		6,000
Finished Goods Inventory
Balance, May 1		0	(f)	Transfer out to
Transfer in from		(g)
Balance, May 31		10,000
Cost of Goods Sold
Balance, May 1		0
Transfer in from		(h)
Balance, May 31		(i)

(1)

COGS

FG Inventory

WIPCutting

WIPFinishing

WIPPackaging

(2)

COGS

FG Inventory

WIPCutting

WIPFinishing

WIPPackaging

(3)

COGS

FG Inventory

WIPCutting

WIPFinishing

WIPPackaging

(4)

COGS

FG Inventory

WIPCutting

WIPFinishing

WIPPackaging

(5)

COGS

FG Inventory

WIPCutting

WIPFinishing

WIPPackaging

(6)

COGS

FG Inventory

WIPCutting

WIPFinishing

WIPPackaging

(7)

COGS

FG Inventory

WIPCutting

WIPFinishing

WIPPackaging

(8)

COGS

FG Inventory

WIPCutting

WIPFinishing

WIPPackaging