Question
You are the accountant for Mon Inc., a manufacturer of automobiles. Mon Inc. has the following information available for you (assume there are no indirect
You are the accountant for Mon Inc., a manufacturer of automobiles. Mon Inc. has the following information available for you (assume there are no indirect materials). Only use numeric characters - do not use dollar signs, commas, decimal places, etc. Calculate the missing values at the bottom. Opening balance, Raw Materials: $ 35, Opening balance, Work In Progress: $ 12, Opening balance, Finished Goods: $ 74 Raw materials transferred to factory: $ 253, Cost of goods sent to finished goods warehouse: $ 486, Cost of goods sold: $ 511, Direct labour costs: $ 107, Indirect labour costs: $ 43, Utilities at head office: $ 93, Purchase of supplies for factory: $ 121, Purchase of automobile parts: $ 241, Manufacturing Overhead transferred to Work In Progress: $ 164
Ending balance, Raw Materials: | ? |
Ending balance, Work In Progress: | ? |
Ending balance, Finished Goods: | ? |
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