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During November, Robotics Manufacturing completed the following manufacturing transactions: 1. Purchased raw materials costing $60,000 and manufacturing supplies costing $3,000 on account. (Single Transaction) 2.
During November, Robotics Manufacturing completed the following manufacturing transactions: 1. Purchased raw materials costing $60,000 and manufacturing supplies costing $3,000 on account. (Single Transaction) 2. Requisitioned raw materials costing $40,000 to the factory. 3. Incurred direct labor costs of $26,000 and indirect labor costs of $4,800. 4. Used manufacturing supplies costing $3,000. 5. Recorded manufacturing depreciation of $15,000. 6. Miscellaneous payables for manufacturing overhead totaled $3,700. 7. Applied manufacturing overhead, based on 2,100 machine hours, at a predetermined rate of $10 per machine hour. 8. Completed jobs costing $83,000. 9. Finished goods costing $90,000 were sold. (a) Prepare "T" accounts showing the flow of costs through all manufacturing accounts, Finished Goods Inventory, and Cost of Goods S (b) Calculate the balances at the end of November for Work-in-Process Inventory and Finished Goods Inventory. Enter transactions in the T-accounts in the order they appear using the first available answer box on the appropriate side
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