You are the accountant for Mon Inc., a manufacturer of automobiles. Mon Inc. has the following information available for you (assume there are no indirect materials). Only use numeric characters - do not use dollar signs, commas, decimal places, etc. Calculate the missing values at the bottom. Opening balance, Raw Materials: $ 135 Opening balance, Work In Progress: $ Opening balance, Finished Goods: $ 112 174 Raw materials transferred to factory: $ Cost of goods sent to finished goods warehouse: $ Cost of goods sold: $ Direct labour costs: $ Indirect labour costs: $ Utilities at head office: $ Purchase of supplies for factory: $ Purchase of automobile parts: $ Manufacturing Overhead transferred to Work In Progress: $ Ending balance, Raw Materials: $ Ending balance, Work In Progress:$ Ending balance, Finished Goods: $ 459 486 511 107 43 93 121 492 164
You are the accountant for Mon Inc., a manufacturer of automobiles. Mon Inc. has the following information available for you (assume there are no indirect materials). Only use numeric characters - do not use dollar signs, commas, decimal places, etc. Calculate the missing values at the bottom. Opening balance, Raw Materials: $ 135 Opening balance, Work In Progress: $ Opening balance, Finished Goods: $ 112 174 Raw materials transferred to factory: $ Cost of goods sent to finished goods warehouse: $ Cost of goods sold: $ Direct labour costs: $ Indirect labour costs: $ Utilities at head office: $ Purchase of supplies for factory: $ Purchase of automobile parts: $ Manufacturing Overhead transferred to Work In Progress: $ Ending balance, Raw Materials: $ Ending balance, Work In Progress:$ Ending balance, Finished Goods: $ 459 486 511 107 43 93 121 492 164
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:You are the accountant for Mon Inc., a manufacturer of automobiles. Mon Inc. has the following information available for you (assume there are no indirect materials). Only use
numeric characters - do not use dollar signs, commas, decimal places, etc. Calculate the missing values at the bottom.
Opening balance, Raw Materials: $
Opening balance, Work In Progress: $
Opening balance, Finished Goods: $
Raw materials transferred to factory: $
Cost of goods sent to finished goods warehouse: $
Cost of goods sold: $
Direct labour costs: $
Indirect labour costs: $
Utilities at head office: $
Purchase of supplies for factory: $
Purchase of automobile parts: $
Manufacturing Overhead transferred to Work In Progress: $
$
Ending balance, Raw Materials:
Ending balance, Work In Progress: $
Ending balance, Finished Goods: $
135
112
174
459
486
511
107
43
93
121
492
164
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