The financial records for the Harrison Manufacturing Company have been destroyed in a fire. 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 Direct Materials Inventory 8,900 ? ? Beg. Bal. Purchases End. Bal. Work-in-Process Inventory 8,400 ? 19,800 14,400 8,900 Beg. Bal. Materials Labor Overhead End. Bal. Beg. Bal. 7,300 Cost of Goods Sold 66,000 Finished Goods Inventory ? ? Transferred in End. Bal. 40, 400 5,100 Transferred Out Transferred Out Transferred Out What is the value of the ending Work-in-Process inventory balance?

The financial records for the Harrison Manufacturing Company have been destroyed in a fire. 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 Direct Materials Inventory 8,900 ? ? Beg. Bal. Purchases End. Bal. Work-in-Process Inventory 8,400 ? 19,800 14,400 8,900 Beg. Bal. Materials Labor Overhead End. Bal. Beg. Bal. 7,300 Cost of Goods Sold 66,000 Finished Goods Inventory ? ? Transferred in End. Bal. 40, 400 5,100 Transferred Out Transferred Out Transferred Out What is the value of the ending Work-in-Process inventory balance?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6MC: Which document lists the inventory that will be removed from the raw materials inventory? A. job...

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The financial records for the Harrison Manufacturing Company have been destroyed in a fire. 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. Direct Materials Inventory Beg. Bal. 8,900 ? Transferred Out Purchases ? End. Bal. 7,300 Cost of Goods Sold 66,000 Work-in-Process Inventory Beg. Bal. 8,400 ? Transferred Out Materials 19,800 Labor 14,400 Overhead 8,900 End. Bal. ? Finished Goods Inventory Beg. Bal. ? ? Transferred Out Transferred in 40,400 End. Bal. 5,100 What is the value of the ending Work-in-Process inventory balance? 1 8900 2 11100 3 5100 4 0
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. 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. Direct Materials Inventory Beg. Bal. 8,400 ? Transferred Out Purchases ? End. Bal. 6,800 Cost of Goods Sold 61,000 Work-in-Process Inventory Beg. Bal. 7,900 ? Transferred Out Materials 18,800 Labor 13,900 Overhead 8,400 End. Bal. ? Finished Goods Inventory Beg. Bal. ? ? Transferred Out Transferred in 39,900 End. Bal. 4,600 What is the value of the beginning Finished Goods Inventory? Multiple Choice $25,700. $13,700. $4,600. $0.
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
Delta Electronics manufactures and sells radio. Unfortunately, the company recently suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed and completely jumbled. De you to help figure out the missing pieces of the accounting puzzle. Assume that Delta Electronics' Raw Materials Inventory contains only direct materials. E (Click the icon to view the arIounts.) Read the requirement. - X Data table Encing raw materiais inventory c. Find the Ending Finished Goods Inventory. Work in process inventory, October 31...S nswer boxes. For accounts with a S0 balance, make sure to enter "0" Before we can determine the missing amount for ending Finished Goods Inventory, w appropriate column.) Finished goods inventory, October 1....S 5,000 Direct labor in October 3,200 Beginning work in process inventory Purchases of direct materials in October S 9,300 Direct materials used 8,700 Work in process inventory, October 1....S Direct labor…
Please refer to the picture below for information. Kindly show the complete solution. Thank you so much. Question: 1. The amount of work in process inventory that was destroyed by fire amounted to a. P510,000 b. P140,000 c. P460,000 d. P540,000
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The following information was taken from the accounting records of Elliott Manufacturing Corporation. Unfortunately, some of the data were destroyed by a computer malfunction. Sales Revenue $ 60,250 Finished Goods Inventory, Beginning 9,750 Finished Goods Inventory, Ending 6,600 Cost of Goods Sold ? Gross Margin 26,950 Direct Materials Used 10,450 Selling and Administrative Expense ? Operating Income 14,600 Work-in-Process Inventory, Beginning ? Work-in-Process Inventory, Ending 5,450 Direct Labor Used 9,225 Factory Overhead 12,300 Total Manufacturing Cost ? Cost of Goods Manufactured ? Cost of goods sold is calculated to be: Multiple Choice $32,300. $30,150. $27,300. $33,300. $38,300.
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The following information was taken from the accounting records of Elliott Manufacturing Corporation. Unfortunately, some of the data were destroyed by a computer malfunction. Sales Revenue $ 58,000 Finished Goods Inventory, Beginning 9,000 Finished Goods Inventory, Ending 6,000 Cost of Goods Sold ? Gross Margin 25,000 Direct Materials Used 10,000 Selling and Administrative Expense ? Operating Income 14,000 Work-in-Process Inventory, Beginning ? Work-in-Process Inventory, Ending 5,000 Direct Labor Used 9,000 Factory Overhead 12,000 Total Manufacturing Cost ? Cost of Goods Manufactured ? Selling and administrative expenses are calculated to be: Multiple Choice $4,000. $9,000. $11,000. $12,000. $16,000.
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