Part (C) Also from an analysis of the accounts, compute the following:

1. Raw materials used

2. Completed jobs transferred to finish goods

3. Cost of goods sold

4. Under- over applied over heard

View Policies Current Attempt in Progress The following inventory information is available for Ricci Manufacturing Corporation for the year ended December 31, 2019: Beginning Ending Inventories: $17,000 9,000 Raw materials Work in process Finished goods Total $19,000 14,000 8,000 $41,000 11,000 $37,000 In addition, the following transactions occurred in 2019: 1. 2. 3. Raw materials purchased on account, $75,000. Incurred factory labor, $80,000, all is direct labor. (Credit Factory Wages Payable). Incurred the following overhead costs during the year: Utilities $6,800, Depreciation on manufacturing machinery $8,000, Manufacturing machinery repairs $9,200, Factory insurance $9,000 (Credit Accounts Payable and Accumulated Depreciation). Assigned $80,000 of factory labor to jobs. Applied $36,000 of overhead to jobs. 4. 5. (a) Your answer has been saved. See score details after the due date. Journalize the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. Raw Materials Inventory 75,000 Accounts Payable 75,000 2. Factory Labor 80,000 Factory Wages Payable 80,000 3. Manufacturing Overhead 33,000 Accounts Payable 25,000 Accumulated Depreciation Equipment 8,000 4. Work in Process Inventory 80,000 Factory Labor 80,000 5. Work in Process Inventory 36,000 Manufacturing Overhead 36,000 Attempts: 1 of 1 used Reproduce the manufacturing cost and inventory accounts. Use T-accounts. (Post entries in the order of journal entries presented in the previous question.) Raw Materials Inventory Bal. 17,000 (1) Bal. Bal. (1) (2) Bal. (3) Bal. (4) (5) (3) 33,000 (5) 36,000 Work in Process Inventory Bal. 9,000 (4) 80,000 (5) 36,000 Bal. 14,000 Factory Labor (2) 80,000 (4) 80,000 Cost of Goods Sold Save for Later Last saved 1 day ago. Attempts: 0 of 1 used Submit Answer Saved work will be auto-submitted on the due date