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The balances in the perpetual inventory accounts of Anditon Manufacturing Corporation at the beginning and end of the current year are as follows. End of

The balances in the perpetual inventory accounts of Anditon Manufacturing Corporation at the beginning and end of the current year are as follows.

End of Year

Beginning of Year

Inventory accounts:

Materials

$

126,000

$

222,000

Work in Process

109,000

75,000

Finished Goods Inventory

325,000

238,000

The total dollar amounts debited and credited during the year to the accounts used in recording manufacturing activities are as follows.

Debit Entries

Credit Entries

Account:

Materials Inventory

$

2,410,000

$

?

Direct Labor

1,189,000

992,000

Manufacturing Overhead

893,600

893,600

Work in Process Inventory

?

?

Finished Goods Inventory

?

?

Required:

a. Using these data, state or compute for the year the following amounts.

b. Prepare a schedule of the cost of finished goods manufactured.

for A

1. direct material purchased

2 Direct material used

3. Payments of direct labor payrolls

4 Direct labor costs assigned to production

5 total Manufacturing costs charged to the work in proccess inventory account during the year

6. The costs of finished goods manufactured

7 the costs of goods sold

8 the total amount to be classified as inventory in the year-end balance sheet

For B

fill in then _______________________________________________

Manufactoring costs assigned to production

fill in then _____________________________________

fill in __________________________________________

fill in _________________________________________________-

Fill in ___________________________________________

Total manufacturing costs

Costs of all goods in process during the year

Fill in ________________________________-

Costs of finished goods manufactured

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