Balances: Beginning Ending Direct Materials $ 59,000 $ 23,000 Work-in-Process Inventory 109,000 62,000 Finished Goods Inventory 41,000 44,000 Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries $ 16,000 151,000 24,000 47,000 Repairs and maintenance-plant 10,000 Indirect labor 39,000 Direct labor 121,000 Administrative expenses 60,000

Balances: Beginning Ending Direct Materials $ 59,000 $ 23,000 Work-in-Process Inventory 109,000 62,000 Finished Goods Inventory 41,000 44,000 Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries $ 16,000 151,000 24,000 47,000 Repairs and maintenance-plant 10,000 Indirect labor 39,000 Direct labor 121,000 Administrative expenses 60,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 13PB: Selected information from Hernandez Corporation shows the following: Prepare journal entries to...

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