Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following T-accounts represent September activity. Required: Compute the missing amounts indicated by the letters (a) through (1). BB (9/1) Materials Inventory 7,000 (a) 4,500

image text in transcribedimage text in transcribed

The following T-accounts represent September activity. Required: Compute the missing amounts indicated by the letters (a) through (1). BB (9/1) Materials Inventory 7,000 (a) 4,500 (b) Work-In-Process Inventory BB (9/1) 22,200 178,900 (e) 121,000 102,000 EB (9/30) 17,700 Cost of Goods Sold 397,100 EB (9/30) 10,500 Finished Goods Inventory BB (9/1) 15,000 (e) (f) EB (9/30) (g) Applied Overhead Control (d) Manufacturing Overhead Control 121,000 4,500 36,200 33,400 1,800 Accumulated Depreciation-Plant & Equipment 206,100 BB (9/1) (h) Wages Payable 124,300 (c) 36,200 162,000 EB (9/30) 119,500 EB (9/30) Accounts Payable-Material Suppliers 110,000 239,500 Prepaid Expenses 23,700 (i) BB (9/1) EB (9/30) 21,900 Materials Inventory 7,000 Beg. bal.(9/1) Beg. bal.(9/1) 4,500 (e) Work-In-Process Inventory 22 200 178,900 121,000 102,000 17,700 End. bal.(9/30) 10,500 End. bal.(9/30) Cost of Goods Sold Finished Goods Inventory 15,000 Beg. bal.(9/1) Beg. bal.(9/1) (e) 397,100 397,100 End. bal.(9/30) End. bal.(9/30) Applied Overhead Control Beg. bal.(9/1) Manufacturing Overhead Control 121,000 4,500 End. bal.(9/30) 36,200 33,400 1,800 Wages Payable Accumulated Depreciation-Plant & Equipment Beg. bal.(9/1) 206,100 Beg. bal.(9/1) 162,000 124,300 36,200 End. bal.(9/30) 239,500 End. bal.(9/30) 119,500 Accounts Payable-Material Suppliers Prepaid Expenses 23,700 Beg. bal.(9/1) Beg. bal.(9/1) 110,000 110,000 End. bal.(9/30) End. bal.(9/30) 21,900

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions