4. The financial records for the Lazer Manufacturing Company have been destroyed in a flood. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Required: Solve for each ? M Direct Materials Inventory Work In Process Inventory Dr. Cr. Dr. Cr. BB 8,000 BB 22,300 TO ? DM 180,500 TO ? TI ? DL 121,000 MOH 94,000 EB 9,700 EB 17,700 Finished Goods Inventory Dr. Cr. BB 14,200? TO ? TI TI ? EB ? Cost of Goods Sold Dr. Cr. 402,800 EB 402,800
4. The financial records for the Lazer Manufacturing Company have been destroyed in a flood. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Required: Solve for each ? M Direct Materials Inventory Work In Process Inventory Dr. Cr. Dr. Cr. BB 8,000 BB 22,300 TO ? DM 180,500 TO ? TI ? DL 121,000 MOH 94,000 EB 9,700 EB 17,700 Finished Goods Inventory Dr. Cr. BB 14,200? TO ? TI TI ? EB ? Cost of Goods Sold Dr. Cr. 402,800 EB 402,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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