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se the information below to calculate the unknown numbers for each of the accounts. Answers cannot have dollar signs. Answers must include a comma (for
se the information below to calculate the unknown numbers for each of the accounts. Answers cannot have dollar signs. Answers must include a comma (for example: 1000 will be marked incorrect; 1,000 will be marked as correct).
DM=Direct materials; DL=Direct Labor; FOV=Factory Overhead; IDM=Indirect Materials; IDL=Indirect Labor
Materials Inventory
Mar 1 | Beg Bal | $225,750 | Mar 31 | DM | 200,000 |
IDM | |||||
Mar 31 | End Bal |
Work in Process Inventory
Mar 1 | Beg Bal | $0 | Mar 31 | TO | 1,140,000 |
Mar 31 | DM | ||||
Mar 31 | DL | ||||
Mar 31 | FOV | ||||
Mar 31 | End Bal |
Finished Goods Inventory
Mar 1 | Beg Bal | $0 | Mar 31 | TO | 1,128,000 |
Mar 31 | TI | ||||
Mar 31 | End Bal |
Factory Overhead
Actual | Applied | ||||
Mar 31 | IDM | 17,600 | Mar 31 | 548,000 | |
Mar 31 | IDL | ||||
Mar 31 | Other | 412,300 | |||
FOV Over/underapplied |
Cost of Goods Sold
Mar 1 | Beg Bal | $0 | |||
Mar 31 | TI | ||||
Mar 31 |
Wages Payable
Mar 31 | DL | 607,700 | |||
Mar 31 | IDL | 72,300 | |||
Mar 31 | End Bal | 680,000 |
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