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How to find the total current assets? Raw materials, beginning: $60,000 Raw materials purchases: $140,000 Raw materials, ending: $64,000 Indirect labor: $38,000 Factory utilities: $9,500
How to find the total current assets?
Raw Materials Inventories Raw materials purchases Raw materials, beginning Raw materials, ending Direct materials used 5100.000 $125,000 $175.000 $200,000 $150.000 50 $50.000 $75.000 525.000 Work in Process & Finished Goods Inventories Work in Process Finished Goods indirect labor $50,000 554.000 $50,000 $40.000 $42.000 Factory Milities $30,000 $33.000 Property tan-Factory Repairs-Factory equipment $20.000 $10,000 50 Beginning Ending Beginning Ending Depreciation spenne-Factory Additional Data Accounts receivable, net 5150,000 Cash $350,000 Direct labor $180,000 Sales and Select Expense Accounts Sales General administrative penses Sling esperes 3.200.000 $400,000 $100 000 oble 5.800.000 $1,000,000 Dregare the current section of the balance sheet at December 31 MC December Raw materials, beginning: $60,000
Raw materials purchases: $140,000
Raw materials, ending: $64,000
Indirect labor: $38,000
Factory utilities: $9,500
Repairs-factory equipment: $11,500
Property taxes-factory: $14,000
Depreciation expense-factory: $45,000
General & Admin expenses: $103,500
Selling expenses: $75,000
Sales: $1,000,000
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