Question

The following T-accounts represent September activity:

Required:

Compute the missing amounts indicated by the letters (a) through (i).

Materials Inventory
BB (9/1)	8,000
	(a)	4,900
		(b)
EB (9/30)	8,900

Work-In-Process Inventory
BB (9/1)	21,100
	180,700
	121,000
	99,200
EB (9/30)	18,500

Finished Goods Inventory
BB (9/1)	14,300
	(e)	(f)
EB (9/30)	(g)

Cost of Goods Sold
	396,400

Applied Overhead Control
		(d)

Manufacturing Overhead Control
	121,000
	4,900
	36,200
	30,100
	4,400

Wages Payable
		124,300
162,000		(c)
		36,200
		119,500	EB (9/30)

Accumulated Depreciation—Plant & Equipment
		204,500	BB (9/1)
		(h)
		234,600	EB (9/30)

Accounts Payable—Material Suppliers
		105,000

Prepaid Expenses
BB(9/1)	24,900
		(i)
EB(9/30)	20,500

What are the answers for:

Material Inventory

Work-In-Process Inventory

Finished Goods Inventory

Cost of Goods Sold

Applied Overhead Control

Manufacturing Overhead Control

Wages Payable

Accumulated Depreciation-Plant & Equipment

Accounts Payable - Material Suppliers

Prepaid Expenses

Answer 1

Compute the missing amounts indicated by the letters (a) through (i).
Materials Inventory
BB (9/1)	8,000
(a)	105,000	4900
		99,200	(b)
EB (9/30)	8,900
Work-In-Process Inventory
BB (9/1)	21,100
	180,700
	121,000
	99,200
EB (9/30)	18,500
Finished Goods Inventory
BB (9/1)	14,300
(e)	403,500	396,400	(f)
EB (9/30)  (g)	21,400
Cost of Goods Sold
	396,400
Applied Overhead Control
		180,700	(d)
Manufacturing Overhead Control
	121,000
	4,900
	36,200
	30,100	(h)
	4,400	(i)
Wages Payable
		124,300
162,000		121,000	(c)
		36,200
		119,500	EB (9/30)
Accumulated Depreciation—Plant & Equipment
		204,500	BB (9/1)
		30,100	(h)
		234,600	EB (9/30)
Accounts Payable—Material Suppliers
		105,000
Prepaid Expenses
BB(9/1)	24,900
		4,400	(i)
EB(9/30)	20,500
What are the answers for:
Material Inventory	(b) From the Materials Inventory account, $8,000 + $105,000 – $4,900 – $8900		99,200
Work-In-Process Inventory	(e) From the Work-in-Process Inventory account:$21,100 + $180,700 + $121,000 + $99,200 – $18,500		403,500
Finished Goods Inventory	(g) $14,300 + $403,500 – $396,400		21400
Cost of Goods Sold	(f) from the Cost of Goods account		396400
Applied Overhead Control	(d) The charge to Work-in-process inventory that is not due to direct materials or direct labor		180700
Manufacturing Overhead Control	30100 + 4400		34,500
Wages Payable	(c ) $162,000 + $119,500 – $124,300 – $36,200		121,000
Accumulated Depreciation-Plant & Equipment	(h) $234,600 – $204,500.(charged to Manufacturing Overhead Control)		30,100
Accounts Payable - Material Suppliers	(a) Accounts Payable—Materials Suppliers account		105,000
Prepaid Expenses	i) $24,909 – $20,500 (charged to Manufacturing Overhead Control)		4,400