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 materials).
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: $271
Opening balance, Work In Progress: $101
Opening balance, Finished Goods:$ 338
Wages paid to the factory cleaning staff: $17
Wages paid to production-line workers: $206
Wages paid to the factory security guard $49
Purchase of automobile parts: $592
Purchase of supplies for head office: $31
Purchase of supplies for the sales team:$18
Amortization of head office computers:$62
Amortization of forklift in the finished goods warehouse:$ 8
Ending balance, Raw Materials: $ 267
Ending balance, Work In Progress: $ 79
Ending balance, Finished Goods: $ 373
Manufacturing overhead is: $9 over-applied
Raw materials requisitioned:$????
Manufacturing overhead applied: $????
Cost of goods sent to finished goods warehouse: $????
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