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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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
Transcribed Image Text: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
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