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During the month of January, all of the following occurred: 1. Direct labor costs were $42,000 for 1,800 hours worked. 2. Direct materials costing $27,000
During the month of January, all of the following occurred: 1. Direct labor costs were $42,000 for 1,800 hours worked. 2. Direct materials costing $27,000 and indirect materials costing $3,700 were purchased. 3. Sales commissions of $17,500 were earned by the sales force. 4. $22,000 worth of direct materials were used in production. 5. Advertising costs of $6,300 were incurred. 6. Factory supervisors earned salaries of $11,680. 7. Indirect labor costs for the month were $3,000. 8. Monthly depreciation on factory equipment was $4,500. 9. Utilities expense of $7,739 was incurred in the factory. 10. Luggage with manufacturing costs of $69,000 were transferred to finished goods. 11. Monthly insurance costs for the factory were $4,200. 12. $5,000 in property taxes on the factory were incurred and paid. 13. Luggage with manufacturing costs of $93,919 were sold for $170,761. a. Assume If Bags and Luggage assigns manufacturing overhead of $34,400, what will be the balances in the Direct Materials, Work in Process, and Finished Goods Inventory accounts at the end of January? (Input all amounts as positive values. Omit the "$" sign in your response.)
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