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Find B1 Ayayai Corporation was starting a new style of jachet and was monitoring the costs of its first production run of these items during
Find B1 Ayayai Corporation was starting a new style of jachet and was monitoring the costs of its first production run of these items during the month. The costs and transactions associated with this jacket were as follows. 1. Purchased fabric on account at a cost of $585. 2. Transferred $530 of fabric into production. 3. Accrued DL cost of $370 associated with 10DL hours. 4. Recorded actual MOH costs of $345 (consisting of accrued liabilities of $190 and factory-related depreciation of $155 ). 5. Applied MOH costs using a budgeted MOH rate of $16 per DL hour. 6. Recognized cost of goods completed of $620. (a) Your answer is partially correct. Assuming there were no beginning balances in any of the inventory accounts at Ayayal show how the above transactions would be reflected in the following select accounts: DM Inventory, WIP Inventory, FG inventory, and MOH Control. Determine the ending balances for each inventory account
Find B1
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