1. XYZ is dedicated to the manufacture of fans. Below are some of the accounts of the largest general of XYZ companies.

	Inventory Materials
	Dr	Cr
Initial Balance	10,000
	(a) 5,000	(b) 1,700
Final Balance	13,000

	Inventory of Assets in Process
	Dr	Cr
Inicial Balance	3,000
	(b) 1,700	(e) 4,500
	(c) 4,500
	(d) 2,000
Final Balance	7,200

	Inventory of Finished Goods
	Dr	Cr
Initial Balance	6,000
	(e) 4,500	(f) 3,000
Final Balance	7,000

	Journals for Paying
	Dr	Cr
		(c)4,000

INSTRUCTIONS: Briefly describe the transactions that best describe events from (b) to (f).

Example, transaction (a): Materials were purchased at a cost of $5,000.