The flow of manufacturing costs through the ledger accounts of Superior Locks, Inc., in the current year is illustrated below in summarized form.

Instructions
Indicate the amounts requested below. Some amounts are shown in the illustrated T accounts; others require short computations. (Show all computations.)
a. Purchases of direct materials.
b. The cost of direct materials used.
c. Direct labor costs assigned to production.
d. The year-end liability for direct wages payable.
e. Total manufacturing costs charged to the Work in Process Inventory account during the current year.
f. The cost of finished goods manufactured.
g. The year-end balance in the Work in Process Inventory account.
h. The cost of goods sold.
i. The total amount of inventory listed in the year-end balance sheet.

Transcribed Image Text:

Materials Inventory Work in Process Inventory Beg. balance 13,000 269,000 Ending balance $ 17,000 Beg. balance 19,000 $614,400 134,000 214,400 Ending balance Direct Labor Finished Goods Inventory $131,300 $134,000 Ending balance 2,700 Beg. balance 46,000 614,400 Ending balance 53,400 Manufacturing Overhead Cost of Goods Sold $214,400 $214,400