Question
You are to summarize the flow of manufacturing costs through the ledger accounts of Bo Mfg. Co. for the month of March. Complete the following
You are to summarize the flow of manufacturing costs through the ledger accounts of Bo Mfg. Co. for the month of March. Complete the following T accounts by entering summary amounts for the month in each of the blank spaces provided (lettered a through G). In addition to the amounts already shown in the T accounts, the following information is available: Direct materials Purchased during March. $100,000 Direct Labor used during March ...................................................................... 90,000 Manufacturing Overhead cost incurred in March 124,000 Cost of goods Sold .. 345,000 Materials Inventory Work in Process Inventory A B End. Bal. 65,000 128,000 Beg. Bal. 34,000 C End. Bal. 65,000 D Finished Goods Inventory Beg. Bal. 38,000 E End. Bal. G F
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