Question
Problem 2-21A T-Account Analysis of Cost Flows [LO2-1, LO2-5, LO2-6, LO2-7] Selected T-accounts for Moore Company are given below for the just completed year: Raw
Problem 2-21A T-Account Analysis of Cost Flows [LO2-1, LO2-5, LO2-6, LO2-7]
| Selected T-accounts for Moore Company are given below for the just completed year: |
| Raw Materials | Manufacturing Overhead | |||
| Bal. 1/1 31,000 | Credits ? | Debits 216,000 | Credits ? | |||
| Debits 400,000 |
| |||||
| Bal. 12/31 57,000 |
|
|
| Work in Process | Factory Wages Payable | |||
| Bal. 1/1 76,000 | Credits 480,000 | Debits 170,000 | Bal. 1/1 14,000 | |||
| Direct materials 322,000 | Credits 183,000 | |||||
| Direct labor 156,000 |
| Bal. 12/31 27,000 | ||||
| Overhead 249,600 | ||||||
| Bal. 12/31 ? |
| Finished Goods | Cost of Goods Sold | |||
| Bal. 1/1 44,000 | Credit ? | Debits ? |
| |||
| Debits ? |
| |||||
| Bal. 12/31 132,000 |
|
|
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Audit Sampling An Introduction
Authors: Dan M. Guy, D. R. Carmichael, O. Ray Whittington
5th Edition
047137590X, 978-0471375906
