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please do T chart for accounts payable and finished goods inventory Question 14 Partially correct Mark 35.00 out of 37.00 P Manufacturing Cost Flows with

please do T chart for accounts payable and finished goods inventory image text in transcribed
Question 14 Partially correct Mark 35.00 out of 37.00 P Manufacturing Cost Flows with Machine Hours Allocation On November 1, Robotics Manufacturing Company's beginnitance in manufacturing accounts and finished goods inventory were as follows: Raw Materials 59,000 Manufacturing Supplies 500 Work in Process 5.000 Manufacturing Overhead Finished Goods 25.000 0 During November, Robotics Manufacturing completed the following manufacturing transactions: 1. Purchased raw materials costing 563,000 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 $28,000 and indirect labor costs of $4,800 4. Used manufacturing supplies costing $3,000. 5. Recorded manufacturing depreciation of $14,000. 6. Miscellaneous payables for manufacturing overhead totaled $3,400. 7. Applied manufacturing overhead, based on 2,150 machine hours, at a predetermined rate of $10 per machine hour. 8. Completed jobs costing $85,000. 9. Finished goods costing 595,000 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 using the first available answer box on the appropriate side. Raw Materials inventory Work-in-Process Inventory Finished Goods Inventory 0 01 - Ral 5.000 85.000 Ral 75.000 .000 2

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