Product Cost Flows

Complete the following T-accounts:

Hint: The first debit entry in the Manufacturing Overhead T-account relates to indirect materials.

Materials Inventory
	Answer
	40,000	Answer
		39,800
	600

Wages Payable
		30,000
		Answer

Work in Process Inventory
	4,000	Answer
	Answer
	Answer
	64,000
	10,000

Finished Goods Inventory
	10,000	Answer
	Answer
	6,000

Manufactured Overhead
	600	Answer
	Answer
	54,000
	7,800
		0

Cost of Goods Sold
	131,800