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The following information pertains to Rami manufacturing Co.: Beginning inventories: Materials $30,000; Work- in process $12,000; Finished goods $15,000. Ending inventories: Materials $10,000; Work- in
The following information pertains to Rami manufacturing Co.:
- Beginning inventories: Materials $30,000; Work- in process $12,000; Finished goods $15,000.
- Ending inventories: Materials $10,000; Work- in process $18,000; Finished goods $12,000.
- During the year, the company purchased materials of $80,000.
- The company paid labor wages of $500,000.
- The overhead manufacturing costs were $180,000.
Instruction: Prepare the journal entries
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