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please help asap The following are partially completed T-accounts for Bonita. The accountant needs help filling in the remaining details of the accounts before closing
please help asap
The following are partially completed T-accounts for Bonita. The accountant needs help filling in the remaining details of the accounts before closing month-end and starting next month's transactions. Beginning balance Ending balance Beginning balance Ending balance Beginning balance Ending balance 1. 2 3. 4. (a) DM Inventory 500 1,100 COGS $ WIP Inventory COGM $ 1.900 The only additional information available for this month includes payroll records and a few other items, as follows. 4,000 FG Inventory 8,600 13,400 COGS 227,000 Bonita paid $83,000 in total payroll costs this month, split evenly between hourly manufacturing worker wages and manufacturing supervisor salaries. It paid $4,400 in total utility costs: 80% was for manufacturing facilities, and 20% was for executive and administrative space. Buildings and equipment used in manufacturing are depreciated at a steady rate of $17,000 per month; buildings and office equipment in executive and administrative spaces are depreciated at a steady rate of $14,000 per month. Other indirect material and indirect labor costs amounted to $3,000. Determine the COGS and COGM this month.
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