Question 1

You are the accountant for Mon Inc., a manufacturer of automobiles.Mon Inc. has the following information available for you (assume there are no indirect materials). Only use numeric characters - do not use dollar signs, commas, decimal places, etc. Calculate the missing values at the bottom.

Opening balance, Raw Materials: $ 35

Opening balance, Work In Progress: $ 12

Opening balance, Finished Goods: $ 74

Ending balance, Raw Materials: $ 42

Ending balance, Work In Progress: $ 27

Ending balance, Finished Goods: $ 68

Wages paid to production-line workers: $ 107

Wages paid to the company lawyers: $ 43

Wages paid to the factory cleaning staff: $ 22

Amortization of head office computers: $ 11

Amortization of factory building: $ 71

Purchase of supplies for head office: $ 13

Purchase of supplies for factory: $ 8

Purchase of automobile parts: $ 241

Manufacturing overhead is: $3 over-applied

Raw materials requisitioned:$ ????

Manufacturing overhead applied: $ ????

Cost of goods sent to finished goods warehouse: $????