Work-in-Process Inventory-Packaging Balance, May 1 4,000 Transfer out to Transfer in from 1,000 COGS Direct Materials FG Inventory Direct Labor 9,000 WIP-Cutting Manufacturing Overhead 14,000 8,000| WIP-Finishing WIP-Packaging Balance, May 31

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 2, part 3. Please answer from drop down menus

Balance, May 1
4,000
Transfer in from
Direct Materials
1,000
COGS
9,000|
14,000
Direct Labor
FG Inventory
Manufacturing Ove
WIP-Cutting
Balance, May 31
8,000
WIP-Finishing
WIP-Packaging
Choose from any li
the innut fielde and
Transcribed Image Text:Balance, May 1 4,000 Transfer in from Direct Materials 1,000 COGS 9,000| 14,000 Direct Labor FG Inventory Manufacturing Ove WIP-Cutting Balance, May 31 8,000 WIP-Finishing WIP-Packaging Choose from any li the innut fielde and
Balance, May 31
68,000|
Work-in-Process Inventory-Packaging
Work-in-Process Inventory-Packaging
Balance, May 1
4,000 (d)
Transfer out to
Balance, May 1
4,000
Transfer out to
Transfer in from
(e)
Transfer in from
Direct Materials
1,000
Direct Materials
1,000
COGS
Direct Labor
9,000
FG Inventory
Direct Labor
9,000
WIP-Cutting
Manufacturing Overhead
14,000
Manufacturing Overhead
14,000
WIP-Finishing
Balance, May 31
8,000
Balance, May 31
8,000
WIP-Packaging
Finished Goods Inventory
Choose from any list or enter any number in the input fields and then click Check Answer.
Transcribed Image Text:Balance, May 31 68,000| Work-in-Process Inventory-Packaging Work-in-Process Inventory-Packaging Balance, May 1 4,000 (d) Transfer out to Balance, May 1 4,000 Transfer out to Transfer in from (e) Transfer in from Direct Materials 1,000 Direct Materials 1,000 COGS Direct Labor 9,000 FG Inventory Direct Labor 9,000 WIP-Cutting Manufacturing Overhead 14,000 Manufacturing Overhead 14,000 WIP-Finishing Balance, May 31 8,000 Balance, May 31 8,000 WIP-Packaging Finished Goods Inventory Choose from any list or enter any number in the input fields and then click Check Answer.
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