Horngren's Financial & Managerial Accounting: The Managerial Chapters, 8th Edition E-M:3-19 Tracking the flow of costs Complete the missing amounts and labels in the T-accounts. Work-in-Process Inventory-Cutting Balance, May 1 0 (a) Transfer out to ___________ Direct Materials 52,000 Direct Labor 10,000 Manufacturing Overhead 36,000 Balance, May 31 11,000 Work-in-Process Inventory-Finishing Balance, May 1 12,000 130,000 Transfer out to ___________ Transfer in from ________ (b) Direct Materials 23,000 Direct Labor ( c) Manufacturing Overhead 18,000 Balance, May 31 17,000 Work-in-Process Inventory-Packaging Balance, May 1 5,000 (d) Transfer out to __________ Transer in from _________ ( e) Direct Materials 5,000 Direct Labor 6,000 Manufacturing Overhead 12,000 Balance, May 31 8,000 Finished Goods Inventory Balance, May 1 0 (f) Transfer out to __________ Transer in from _________ (g) Balance, May 31 5,000 Cost of Goods Sold Balance, May 1 0 Transer in from _________ (h) Balance, May 31 (i)
Horngren's Financial & Managerial Accounting: The Managerial Chapters, 8th Edition E-M:3-19 Tracking the flow of costs Complete the missing amounts and labels in the T-accounts. Work-in-Process Inventory-Cutting Balance, May 1 0 (a) Transfer out to ___________ Direct Materials 52,000 Direct Labor 10,000 Manufacturing Overhead 36,000 Balance, May 31 11,000 Work-in-Process Inventory-Finishing Balance, May 1 12,000 130,000 Transfer out to ___________ Transfer in from ________ (b) Direct Materials 23,000 Direct Labor ( c) Manufacturing Overhead 18,000 Balance, May 31 17,000 Work-in-Process Inventory-Packaging Balance, May 1 5,000 (d) Transfer out to __________ Transer in from _________ ( e) Direct Materials 5,000 Direct Labor 6,000 Manufacturing Overhead 12,000 Balance, May 31 8,000 Finished Goods Inventory Balance, May 1 0 (f) Transfer out to __________ Transer in from _________ (g) Balance, May 31 5,000 Cost of Goods Sold Balance, May 1 0 Transer in from _________ (h) Balance, May 31 (i)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Horngren's Financial & Managerial Accounting: The Managerial Chapters, 8th Edition
| E-M:3-19 Tracking the flow of costs | ||||
| Complete the missing amounts and labels in the T-accounts. | ||||
| Work-in-Process Inventory-Cutting | ||||
| Balance, May 1 | 0 | (a) | Transfer out to ___________ | |
| Direct Materials | 52,000 | |||
| Direct Labor | 10,000 | |||
| Manufacturing Overhead | 36,000 | |||
| Balance, May 31 | 11,000 | |||
| Work-in-Process Inventory-Finishing | ||||
| Balance, May 1 | 12,000 | 130,000 | Transfer out to ___________ | |
| Transfer in from ________ | (b) | |||
| Direct Materials | 23,000 | |||
| Direct Labor | ( c) | |||
| Manufacturing Overhead | 18,000 | |||
| Balance, May 31 | 17,000 | |||
| Work-in-Process Inventory-Packaging | ||||
| Balance, May 1 | 5,000 | (d) | Transfer out to __________ | |
| Transer in from _________ | ( e) | |||
| Direct Materials | 5,000 | |||
| Direct Labor | 6,000 | |||
| Manufacturing Overhead | 12,000 | |||
| Balance, May 31 | 8,000 | |||
| Finished Goods Inventory | ||||
| Balance, May 1 | 0 | (f) | Transfer out to __________ | |
| Transer in from _________ | (g) | |||
| Balance, May 31 | 5,000 | |||
| Cost of Goods Sold | ||||
| Balance, May 1 | 0 | |||
| Transer in from _________ | (h) | |||
| Balance, May 31 | (i) |
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