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Ending balance, Raw Materials =? Ending balance, WIP = ? Ending Balance, Finished Goods = ? You are the accountant for Mon Inc., a manufacturer
Ending balance, Raw Materials =?
Ending balance, WIP = ?
Ending Balance, Finished Goods = ?
You are the accountant for Mon Inc., a manufacturer of automobiles. Mon Inc. has the following information available for you (assume there are no indirect materials). Only use numeric characters - do not use dollar signs, commas, decimal places, etc. Calculate the missing values at the bottom 135 Opening balance, Raw Materials: $ Opening balance, Work In Progress: $ Opening balance, Finished Goods: $ 112 174 Raw materials transferred to factory: $ 455 Cost of goods sent to finished goods warehouse: $ Cost of goods sold: $ 466 511 107 Indirect labour costs: $ Direct labour costs: $ 43 Utilities at head office: $ 93 Purchase of supplies for factory: $ Purchase of automobile parts: $ 57 341 Manufacturing Overhead transferred to Work In Progress: $ 164Step by Step Solution
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