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You are the accountant for Mon Inc., a manufacturer of automobiles. Mon Inc. has the following information available for you (assume there are no
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, 6 points commas, decimal places, etc. Calculate the missing values at the bottom. Save Answer Opening balance, Raw Materials: $ Opening balance, Work In Progress: $ Opening balance, Finished Goods: $ 135 112 174 Raw materials transferred to factory: $ 493 Cost of goods sent to finished goods warehouse: $ 541 Cost of goods sold: $ 518 Direct labour costs: $ 107 Indirect labour costs: $ 43 Utilities at factory: $ 60 60 Purchase of supplies for factory: $ Purchase of automobile parts: $ 8 360 Manufacturing Overhead transferred to Work In Progress: $ 111 $ Ending balance, Raw Materials: $ Ending balance, Work In Progress: Ending balance, Finished Goods: $
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