Mgt Accounting Concepts:

Question 1) Partial balance sheet data for Diesel Additives Company at August 31 are as follows (below). Prepare the "current assets" section of Diesel Additives Company's balance sheet at August 31.

• Finished goods inventory: 13,600
• Prepaid Insurance: 13,900
• Accounts receivable: 35,400
• Work in progress inventory: 54,400
• Supplies: 24,500
• Materials Inventory: 29,900
• Cash: 38,100

Question 2) Walker Manufacturing Company reported the following materials data for the month ending June 30:

• Materials purchased: $215,100
• Materials inventory, June 1: 67,900
• Materials inventory, June 30: 56,600

Determine the cost of direct materials used in production by Walker during the month ended June 30: $__________

Question 3) Two items are omitted from each of the following three lists of costs of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter: (refer to the picture)

Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31. Diesel Additives Company Balance Sheet August 31 Current assets: Cash Accounts receivable Inventories: Materials Work in process Finished goods Total inventories Supplies 000 Prepaid insurance Total current assets Work in process inventory, August 1 $4,100 $36,100 (e) Total manufacturing costs incurred during August 29,900 (c) 211,800 Total manufacturing costs (a) $422,400 $229,900 Work in process inventory, August 31 6,500 88,700 (f) Cost of goods manufactured (b) (d) $193,100 a. b. $ c. $ d. e. f. A