materials purchased 186,000, materials requisitioned: production orders 161,500 for general factory use: 8700.

(c) Factory labor used: On production orders 139,800 For general factory purposes 9,000 (d) Depreciation on factory equipment 40,000 (e) Factory overhead applied, based on machine hours 97,650 (f) Jobs finished 406,000 (9) Jobs shipped to customers: cost, $394,000; selling price 580,000 Enter an Increase in Accumulated Depreciation as a negative value. In all other cases, enter increases in accounts as positive values and decreases as negative values. If an answer cell does not require an entry, leave it blan Stockholders' Assets = Liabilities + Equity Accumulated Stockholders' Accounts Rec. Factory Overhead Materials Inventory Work in Process Finished Goods Accounts Payable Wages Payable Depreciation Equity 186,000 186,000 8,700 X 161,500 9,000 139,800 148,800 40,000 -40,000 -97,650 97,650 -406,000 406,000 580,000 -394,000 186,000 Effect on Statement of Cash Flows Effect on Income Statement (Select "No Effect" if nothing will be reported) (Select "No Effect" if nothing will be reported) No Effect - V Sales - V X Cost of Goods Sold X Check My Work Previous Next