Work-in-Process Inventory-Cutting Balance, May 1 0 (a) Transfer out to Direct Materials 57,000 Direct Labor 5,000 Manufacturing Overhead Balance, May 31 39,000 16,000 Work-in-Process Inventory-Finishing 11,000 80,000 (b) 21,000 Balance, May 1 Transfer in from Transfer out to Direct Materials Direct Labor (c) Manufacturing Overhead Balance, May 31 18,000 68,000| Balance, May 1 Transfer in from Work-in-Process Inventory-Packaging 4,000 (d) (e) Transfer out to Direct Materials 1,000 Direct Labor 9,000 Manufacturing Overhead Balance, May 31 14,000 8,000 Finished Goods Inventory 0 (f) (g) 2,000 Balance, May 1 Transfer out to Transfer in from. Balance, May 31 Cost of Goods Sold Balance, May 1 (h) (i)| Transfer in from Balance, May 31
Work-in-Process Inventory-Cutting Balance, May 1 0 (a) Transfer out to Direct Materials 57,000 Direct Labor 5,000 Manufacturing Overhead Balance, May 31 39,000 16,000 Work-in-Process Inventory-Finishing 11,000 80,000 (b) 21,000 Balance, May 1 Transfer in from Transfer out to Direct Materials Direct Labor (c) Manufacturing Overhead Balance, May 31 18,000 68,000| Balance, May 1 Transfer in from Work-in-Process Inventory-Packaging 4,000 (d) (e) Transfer out to Direct Materials 1,000 Direct Labor 9,000 Manufacturing Overhead Balance, May 31 14,000 8,000 Finished Goods Inventory 0 (f) (g) 2,000 Balance, May 1 Transfer out to Transfer in from. Balance, May 31 Cost of Goods Sold Balance, May 1 (h) (i)| Transfer in from Balance, May 31
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Tracking the flow of costs
Complete the missing amounts and labels in the T-accounts.
Transcribed Image Text:Work-in-Process Inventory-Cutting
Balance, May 1
0 (a)
Transfer out to
Direct Materials
57,000
Direct Labor
5,000
Manufacturing Overhead
Balance, May 31
39,000
16,000
Work-in-Process Inventory-Finishing
11,000 80,000
(b)
21,000
Balance, May 1
Transfer in from
Transfer out to
Direct Materials
Direct Labor
(c)
Manufacturing Overhead
Balance, May 31
18,000
68,000|
Balance, May 1
Transfer in from
Work-in-Process Inventory-Packaging
4,000 (d)
(e)
Transfer out to
Direct Materials
1,000
Direct Labor
9,000
Manufacturing Overhead
Balance, May 31
14,000
8,000
Finished Goods Inventory
0 (f)
(g)
2,000
Balance, May 1
Transfer out to
Transfer in from.
Balance, May 31
Cost of Goods Sold
Balance, May 1
(h)
(i)|
Transfer in from
Balance, May 31
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