On April 1, Telecom Manufacturing Company's beginning balances in manufacturing accounts and finished goods inventory were as follows: Raw Materials $16,000 Manufacturing Supplies 1,500 Work-in-Process 6,500 Manufacturing Overhead 0 Finished Goods 30,000 During April, Telecom 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 $45,000 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 $100,000 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 April for Work-in-Process Inventory and Finished Goods Inventory.

Enter transactions in the T-accounts in the order they appear using the first available answer box on the appropriate side.

Raw Materials Inventory 16,000 45,000 Bal 47,000 (18,000) X Work-in-Process Inventory Bal. 6,500 90,000 45,000 27,000 22,500 Bal. 94,500 X 0 Finished Goods Inventory Bal. 30,000 100,000 90,000 Bal. 60,000 X