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The following partially complete T-accounts for the month of June along with additional information are from Renfrew & Company: Materials Inventory Debit Credit BB (6/1)
The following partially complete T-accounts for the month of June along with additional information are from Renfrew & Company: Materials Inventory Debit Credit BB (6/1) 59,000 208,000 164,000 Work-in-Process Inventory Debit Credit BB (6/1) 80,000 Finished Goods Inventory Debit Credit BB (6/1) 135,000 282,000 177,000 Cost of Goods Sold Debit Credit Manufacturing Overhead Control Debit Credit 132,000 Applied Manufacturing Overhead Debit Credit Additional information for June follows: Manufacturing overhead is applied at 90 percent of direct labor cost. Direct labor-hours recorded
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