Manufacturing Cost Flows with Machine Hours Allocation

On November 1, Robotics Manufacturing Company's beginning balances in manufacturing accounts and finished goods inventory were as follows:

Raw Materials $11,000

Manufacturing Supplies 500

Work-in-Process 4,500

Finished Goods 27,000

During November, Robotics Manufacturing completed the following manufacturing transactions: 1. Purchased raw materials costing $47,000 and manufacturing supplies costing $3,000 on account. (Single Transaction)

2. Requisitioned raw materials costing $40,000 to the factory.

3. Incurred direct labor costs of $27,000 and indirect labor costs of $4,800.

4. Used manufacturing supplies costing $2,500.

5. Recorded manufacturing depreciation of $15,000.

6. Miscellaneous payables for manufacturing overhead totaled $3,600.

7. Applied manufacturing overhead, based on 2,250 machine hours, at a predetermined rate of $10 per machine hour.

8. Completed jobs costing $90,000.

9. Finished goods costing $96,000 were sold.

(a) Prepare "T" accounts showing the flow of costs through all manufacturing accounts, Finished Goods Inventory, and Cost of Goods Sold.

(b) Calculate the balances at the end of November for Work-in-Process Inventory and Finished Goods Inventory. (Enter transactions in the T-accounts in the order they appear, including the beginning balances, if available. Compute the final balance, if requested.)

Raw Materials Inventory

Work-in-Process Inventory

Finished Goods Inventory

Cost of Goods Sold

Accumulated Depreciation- Factory

Accounts Payable

Wages Payable

Other Payables

Manufacturing Supplies

Manufacturing Overhead