Trial Balance June 1, 2016 Balance Account Title Debit Credit $22,000 Cash 150,000 Accounts Receivable Inventories: Raw Materials 5,400 Work-in-Process 40,500 Finished Goods 21,500 230,000 I Plant Assets Accumulated Depreciation $71,000 135,000 Accounts Payable Wages Payable 2,600 Common Stock 135,000 Retained Earnings 125,800 Sales Revenue Cost of Goods Sold Manufacturing overhead Selling and Administrative Expenses Total $469,400 $469,400 June 1 balances in the subsidiary ledgers were as follows Raw materials inventory subsidiary ledger: S4800; indirect materials, $600 Work-In-Process inventory subsidiary ledger: Job 120, $40,500; Job 121, S0 Finished goods inventory subsidiary ledger: Large Stars, S9,900 Small Stars, si 1,600 Trial Balance June 1, 2016 Balance Account Title Debit Credit $22,000 Cash 150,000 Accounts Receivable Inventories: Raw Materials 5,400 Work-in-Process 40,500 Finished Goods 21,500 230,000 I Plant Assets Accumulated Depreciation $71,000 135,000 Accounts Payable Wages Payable 2,600 Common Stock 135,000 Retained Earnings 125,800 Sales Revenue Cost of Goods Sold Manufacturing overhead Selling and Administrative Expenses Total $469,400 $469,400 June 1 balances in the subsidiary ledgers were as follows Raw materials inventory subsidiary ledger: S4800; indirect materials, $600 Work-In-Process inventory subsidiary ledger: Job 120, $40,500; Job 121, S0 Finished goods inventory subsidiary ledger: Large Stars, S9,900 Small Stars, si 1,600