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Complete the missing amounts and labels in the T-accounts. (Click the icon to view the T-accounts.) Begin with the Work in Process-Cutting T-account, then complete
Complete the missing amounts and labels in the T-accounts. (Click the icon to view the T-accounts.) Begin with the Work in Process-Cutting T-account, then complete each of the remaining Taccounts. (Abbreviations used: COGS - Cost of Goods Sold, FG Finished Goods, WIP = Work-in-Process) Work-In-Process Inventory--Cutting Balance, May 1 0 Transfer out to WIP...Finishing Direct Materials 57.000 Direct Labor 5,000 Manufacturing Overhead 39.000 Balance, May 31 16,000 10 Choose from any list or enter any number in the input fields and then click Check Answer A parts Clear All Check Answer Balance, May 1 Direct Materials Direct Labor Manufacturing Overhead Work-in-Process Inventory-Cutting o(a) Transfer out to 57,000 5,000 39,000 16,000 Balance, May 31 Work-in-Process Inventory--Finishing 11,000 80,000 Transfer out to Balance, May 1 Transfer in from Direct Materials Direct Labor (b) 21,000 (c) 18,000 68,000 Manufacturing Overhead Balance, May 31 Work in Process Inventory Packaging st Print Done e (Managerial Accounting - Summer 2020) is based on Miller-Nobles/Martin Harnarne Arenuntina 12 i More Info Work-in-Process Inventory-Packaging 4,000 (d) Transfer out to Balance, May 1 Transfer in from Direct Materials Direct Labor 1,000 9,000 14,000 Manufacturing Overhead Balance, May 31 8,000 Finished Goods Inventory 010 Balance, May 1 Transfer out to Transfer in from (9) 2,000 Balance, May 31 Cost of Goods Sold Balance, May 1 Print Done Ans X More Info Balance, May 4,000) Transfer our TO (e) Transfer in from Direct Materials Direct Labor Manufacturing Overhead 1,000 9,000 14,000 8,000 Balance, May 31 Finished Goods Inventory Balance, May 1 0 (0) Transfer out to Transfer in from (9) Balance, May 31 2,000 Cost of Goods Sold Balance, May 1 0 Transfer in from (h) Balance, May 31 (0) Print Done
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