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You are to summarize the flow of manufacturing costs through the ledger accounts of Berman Mfg. Co. for the month of June. Complete the following
You are to summarize the flow of manufacturing costs through the ledger accounts of Berman Mfg. Co. for the month of June. Complete the following T accounts by entering summary amounts for the month in each of the blank spaces provided (lettered a through ). In addition to the amounts already shown in the T accounts, the following information is available: $51,000 $22.000 $98,000 Direct materials used during June Wages paid during June to direct labor workers Cost of finished goods manufactured Total manufacturing costs charged to production in the Work in Process account, record this entire amount as one entry) $94,000 Materials Inventory Work in Process Inventory Beg. Bal. 43,000 Beg. Bal. 14,000 b f g End. Bal. 50,000 End. Bal. 10,000 Direct Labor Finished Goods Inventory Beg. Bal. 0 Beg. Bal. 58,000 d h i End. Bal. 10,000 End. Bal. 52,000 Manufacturing Overhead Cost of Goods Sold 11,000 e 6
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