Complete the missing amounts and labels in the T-accounts (Click the icon to view the T-accounts.)...

Transcribed Image Text:

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 T-accounts (Abbreviations used COGS Cost of Goods Sold, FG Finished Goods, WIP Work-in-Process) Work in Process Inventory-Cutting Balance, May 1 Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 Balance, May 1 90,000 Transfer out to WIP-Finishing 55,000 11,000 33,000 9,000 Work in Process Inventory Finishing 11.000 00.000 Transfer out to Transfer in from Direct Materials 23.000 Direct Labor Manufacturing Overhead 18.000 Ma Transfer out to Co Balance, May 15 Direct Materials Work-in-Process Inventory-Cutting 0(a) 55,000 Direct Labor 11,000 Manufacturing Overhead 33,000 Balance, May 31 9,000 Balance May 1 Transfer in from Work-in-Process Inventory-Finishing 11,000 80,000 (b) Transfer out to Direct Materials 23,000 Direct Labor Manufacturing Overhead (c) 18.000 Print Done Balance, May 1 Work-in-Process Inventory-Packaging 9,000 (d) Transfer in from (a) Direct Materials 5,000 Direct Labor 2,000 Manufacturing Overhead 15,000 Balance, May 31 11,000 Transfer out to Cost Finished Goods Inventory Balance May 1 0 (0) Transfer out to Transfer in from (g) Ba Balance, May 31 5.000 Di Di M Print Done Balance, May 1 Transfer in from Balance, May 31 (h) (0) 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 T-accounts (Abbreviations used COGS Cost of Goods Sold, FG Finished Goods, WIP Work-in-Process) Work in Process Inventory-Cutting Balance, May 1 Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 Balance, May 1 90,000 Transfer out to WIP-Finishing 55,000 11,000 33,000 9,000 Work in Process Inventory Finishing 11.000 00.000 Transfer out to Transfer in from Direct Materials 23.000 Direct Labor Manufacturing Overhead 18.000 Ma Transfer out to Co Balance, May 15 Direct Materials Work-in-Process Inventory-Cutting 0(a) 55,000 Direct Labor 11,000 Manufacturing Overhead 33,000 Balance, May 31 9,000 Balance May 1 Transfer in from Work-in-Process Inventory-Finishing 11,000 80,000 (b) Transfer out to Direct Materials 23,000 Direct Labor Manufacturing Overhead (c) 18.000 Print Done Balance, May 1 Work-in-Process Inventory-Packaging 9,000 (d) Transfer in from (a) Direct Materials 5,000 Direct Labor 2,000 Manufacturing Overhead 15,000 Balance, May 31 11,000 Transfer out to Cost Finished Goods Inventory Balance May 1 0 (0) Transfer out to Transfer in from (g) Ba Balance, May 31 5.000 Di Di M Print Done Balance, May 1 Transfer in from Balance, May 31 (h) (0)