Question 4 Partially correct Mark 8,46 out of 10.00 P Flag question Manufacturing Cost Flows with Machine Hours Allocation On November 1, Robotics Manufacturing Company's beginning balances in manufacturing accounts and finished goods inventory were as follows: Raw Materials $9,000 Manufacturing Supplies 500 Work-in-Process 5,000 Manufacturing Overhead 0 Finished Goods 25,000 During November, Robotics Manufacturing completed the following manufacturing transactions: 1. Purchased raw materials costing $63,000 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. os 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 $95,000 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 Bal 9,000 Bal 5,000 40,000 85,000 Bal 25,000 95,000 40,000 0 85,000 63,000 0 0 28,000 Bal 15,000 0 4,800 x 0 Bal 13,200 X 0 Cost of Goods Sold 95,000 Accumulated Depreciation-Factory Assets 0 14.000 Accounts Payable 0 63,000 X 0 Wages Payable 0 21,500 X Other Payables 0 3,000 X Bal Manufacturing Supplies 500 3,000 3,000 0 Bal Manufacturing Overhead 0 28,000 x 4,800 0 3,000 0 14,000 0 3,400 0 Check