Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Determine the correct ending balance. The ending balance label is provided on the left side of the T account even when the ending balance is a credit. Work in Process b. 56,570 f. 39,200 e. 19,760 Bal. 37,130 ??? Finished Goods e. 39,200 g. 28,810 Bal. 10,390 ??? The T-Accounts are based on these journal entries. a. Materials 33,100 Accounts Payable 33,100 b. Work in Process 56,570 Factory Overhead 5,720 Materials 29,840 Wages Payable 32,450 c. Factory Overhead 6,470 Accounts Payable 6,470 d. Factory Overhead 1,790 Accumulated Depreciation 1,790 e. Work in Process 19,760 Factory Overhead 19,760 f. Finished Goods 39,200 Work in Process 39,200 g. Cost of Goods Sold 28,810 Finished Goods 28,810
Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Determine the correct ending balance. The ending balance label is provided on the left side of the T account even when the ending balance is a credit. Work in Process b. 56,570 f. 39,200 e. 19,760 Bal. 37,130 ??? Finished Goods e. 39,200 g. 28,810 Bal. 10,390 ??? The T-Accounts are based on these journal entries. a. Materials 33,100 Accounts Payable 33,100 b. Work in Process 56,570 Factory Overhead 5,720 Materials 29,840 Wages Payable 32,450 c. Factory Overhead 6,470 Accounts Payable 6,470 d. Factory Overhead 1,790 Accumulated Depreciation 1,790 e. Work in Process 19,760 Factory Overhead 19,760 f. Finished Goods 39,200 Work in Process 39,200 g. Cost of Goods Sold 28,810 Finished Goods 28,810
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
| Work in Process | ||||
| b. | 56,570 | f. | 39,200 | |
| e. | 19,760 | |||
| Bal. | 37,130 | ??? |
| Finished Goods | ||||
| e. | 39,200 | g. | 28,810 | |
| Bal. | 10,390 | ??? |
The T-Accounts are based on these
| a. | Materials | 33,100 | |
| Accounts Payable | 33,100 | ||
| b. | Work in Process | 56,570 | |
| Factory |
5,720 | ||
| Materials | 29,840 | ||
| Wages Payable | 32,450 | ||
| c. | Factory Overhead | 6,470 | |
| Accounts Payable | 6,470 | ||
| d. | Factory Overhead | 1,790 | |
| 1,790 | |||
| e. | Work in Process | 19,760 | |
| Factory Overhead | 19,760 | ||
| f. | Finished Goods | 39,200 | |
| Work in Process | 39,200 | ||
| g. | Cost of Goods Sold | 28,810 | |
| Finished Goods | 28,810 |
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