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The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of

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The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,800 ? Transferred Out Purchases Cost of Goods Sold 65,000 Finished Goods Inventory Beg. Bal. ? Transferred Out End. Bal. 7,200 Work-in-Process Inventory Beg. Bal. 8,300 ? Transferred Out Materials 19,600 Labor 14,300 Overhead 8,800 End. Bal. Transferred in 40,300 End. Bal. 5,000 What is the value of the ending Work-in-process inventory balance? ? Transferred Out Beg. Bal. ? Transferred Out Beg. Bal. 8,300 Materials 19,600 Labor 14,300 Overhead 8,800 End. Bal. Transferred in 40,300 End. Bal. 5,000 What is the value of the ending Work-in-process inventory balance? Multiple Choice $8,800 $5,000 $0. $10,700 The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,200 ? Transferred Out Purchases ? Cost of Goods Sold 59,000 Finished Goods Inventory Beg. Bal. ? ? Transferred Out End. Bal. 6,600 Work-in-Process Inventory Beg. Bal. 7,700 ? Transferred Out Materials 18,400 Labor 13,700 Overhead 8,200 End. Bal. Transferred in End. Bal. 39,700 4,400 What is the amount of the materials purchased? Multiple Choice End. Bal. 71 End. Bal. 4,400 What is the amount of the materials purchased? Multiple Choice $16.800. $20,000 $14,800. $18.400

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