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The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 5,450 9,900 5,650 Work in Process Beg Bal
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:
| Raw Materials | |||
| Beg Bal | 5,450 | 9,900 | |
| 5,650 | |||
| Work in Process | |||
| Beg Bal | 4,550 | 22,650 | |
| 6,650 | |||
| 8,950 | |||
| 8,750 | |||
| Finished Goods | |||
| Beg Bal | 2,650 | 20,850 | |
| 22,650 | |||
| Manufacturing Overhead | |||
| 3,250 | 8,750 | ||
| 3,950 | |||
| 3,650 | |||
| Wages & Salaries Payable | |||
| 20,850 | Beg Bal | 2,950 | |
| 12,900 | |||
| Cost of Goods Sold | |||
| Beg Bal | 20,850 | ||
The manufacturing overhead was:
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Advanced Accounting
Authors: Paul Fischer, William Taylor
6th Edition
0538841265, 978-0538841269
