Formula for Inventory Beginning Inventory + Costs Added Transforrod out Ending Inventory Raw Materials Manufacturing Supplies Office Supplies Work in Process Finished Goods Beginning Ending $31,500 $45,500 $3,500 $7,000 $1,750 $2,625 $87,500 $64,750 $52,500 $61,250 Other Accounts needed: Cost of Goods Sold, Cash, Accumulated Depreciation, Overhead and Revenue Purchased Raw materials for Cash Purchased manufacturing supplies for $157,500 cash $7,875 Purchased office supplies for cash $4.375 Received cash for sales 5875,000 Paid cash for direct labor charges $201,250 Paid Sales Commissions $105,000 Recorded Plant Depreciation $33,250 Recorded Office Depreciation $14,000 Paid Cash for Delivery Charges $12,000 Appilled overhead to Work in process $55,000 Paid factory utilities $15,000 Adjusting Entries Record Raw Material Used Record Office Supples tied Recond Manufacturing Supplies Used % MacBook Pro