Raw Materials Inventory Work-in-Process Inventory 25 ??? 505 Cost of Goods Manufactured 280 Bal 35 215 77? Bal. Direct Materials Direct Labor Purchased Bal. 10 Used Manufacturing Overhead Bal. 150 40

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Accounting for materials

Analyze the following T-accounts to determine the amount of direct and indirect materials used.

 

Raw Materials Inventory
Work-in-Process Inventory
25
??? 505 Cost of Goods Manufactured
280
Bal
35
215 77?
Bal.
Direct Materials
Direct Labor
Purchased
Bal.
10
Used
Manufacturing Overhead
Bal.
150
40
Transcribed Image Text:Raw Materials Inventory Work-in-Process Inventory 25 ??? 505 Cost of Goods Manufactured 280 Bal 35 215 77? Bal. Direct Materials Direct Labor Purchased Bal. 10 Used Manufacturing Overhead Bal. 150 40
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