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The following are partially completed T-accounts for Concord. The accountant needs help filling in the remaining details of the accounts before closing month-end and starting
The following are partially completed T-accounts for Concord. The accountant needs help filling in the remaining details of the accounts before closing month-end and starting next month's transactions. Beginning balance Ending balance Beginning balance Ending balance Beginning balance Ending balance 1 2. DM Inventory 3. 500 1,200 WIP Inventory 2,100 4,200 FG Inventory 8,500 The only additional information available for this month includes payroll records and a few other items, as follows. 12,100 COGS 202,000 Concord paid $84,000 in total payroll costs this month, split evenly between hourly manufacturing worker wages and manufacturing supervisor salaries. It paid $4,20Gin total utility costs: 70% was for manufacturing facilities, and 30% was for executive and administrativaspace. Buildings and equipment used in manufacturing are depreciated at a steady rate of $19,000 per month; buildings and office equipment in executive and administrative spaces are depreciated at a steady rate of $13,000 per month. Other indirect material and indirect labor costs amounted to $2,900.
COGS???
COGM???
Total manufacturing costs
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