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). Materials Inventory BB (9/1) 8,000 (a) 4,200

image text in transcribed

image text in transcribed

The following T-accounts represent September activity. Required: Compute the missing amounts indicated by the letters (a) through (1). Materials Inventory BB (9/1) 8,000 (a) 4,200 (b) Work-In-Process Inventory BB (9/1) 22,000 178,500 (e) 121,000 93,500 EB (9/30) 19,300 Cost of Goods Sold 397,600 EB (9/30) 10,300 | Finished Goods Inventory BB (9/1) 13,900 (e) (f) EB (9/30) (g) (d) 121,000 4,200 36,200 32,400 4,100 Accumulated Depreciation-Plant & Equipment 207,100 BB (9/1) (h) 162,000 Wages Payable 124,300 (c) 36,200 EB (9/30) 119,500 EB (9/30) Accounts Payable-Material Suppliers 100,000 1 239,500 Prepaid Expenses 24,600 (i) BB(9/1) EB ( 9/30) 20,500 Materials Inventory Beg. bal.(9/1) Beg. bal.(9/1) 4,200 (e) Work-In-Process Inventory 22,000 178,500 121,000 93,500 19,300 End. bal.(9/30) 10,300 End. bal.(9/30) Cost of Goods Sold Finished Goods Inventory 13,900 Beg. bal.(9/1) Beg. bal.(9/1) 397,600 397,600 End. bal.(9/30) End. bal.(9/30) Applied Overhead Control Beg. bal.(9/1) Manufacturing Overhead Control 121,000 4,200 36,200 32,400 4,100 End. bal.(9/30) 0 0 Wages Payable Accumulated Depreciation Plant & Equipment Beg. bal.(9/1) 207,100 Beg. bal.(9/1) 162,000 124,300 End. bal.(9/30) 239,500 36,200 119,500 End. bal.(9/30) Accounts Payable Material Suppliers Prepaid Expenses 24,600 Beg. bal.(9/1) Beg. bal.(9/1) 100,000 100,000 End. bal.(9/30) End. bal.(9/30) 20,500

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

The Principles And Practice Of Auditing

Authors: George Puttick, Sandra Van Esch

8th Edition

0702156914, 978-0702156915

More Books

Students also viewed these Accounting questions

Question

10. Describe the relationship between communication and power.

Answered: 1 week ago