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) 5,200

(b)

EB (9/30) 8,800

Work-In-Process Inventory

BB (9/1) 21,800

179,100

121,000

94,000

EB (9/30) 15,900

Finished Goods Inventory

BB (9/1) 13,500

(e) (f)

EB (9/30) (g)

Cost of Goods Sold

397,000

Applied Overhead Control

(d)

Manufacturing Overhead Control

121,000

5,200

36,200

34,300

3,500

Wages Payable

124,300

162,000 (c)

36,200

119,500 EB (9/30)

Accumulated Depreciation—Plant &

Equipment

204,500 BB (9/1)

(h)

238,800 EB (9/30)

Accounts Payable—Material Suppliers

100,000

Prepaid Expenses

BB(9/1) 24,000

(i)

EB(9/

Materials Inventory Work-In-Process Inventory Beg. bal.(9/1) 8,000 Beg. bal.(9/1) 21,800 5,200 179,100 121,000 94,000 End. bal.(9/30) 8,800 End. bal.(9/30) 15,900 Finished Goods Inventory Cost of Goods Sold Beg. bal.(9/1) 13,500 Beg. bal.(9/1) End. bal.(9/30) End. bal.(9/30) Applied Overhead Control Manufacturing Overhead Control Beg. bal.(9/1) 121,000 5,200 36,200 End. bal.(9/30) 34,300 3,500 Wages Payable Accumulated Depreciation—Plant & Equipment Beg. bal.(9/1) Beg. bal.(9/1) 204,500 162,000 124,300 36,200 End. bal.(9/30) 238,800 End. bal.(9/30) 119,500 Accounts Payable—Material Suppliers Prepaid Expenses Beg. bal.(9/1) Beg. bal.(9/1) 24,000 End. bal.(9/30) End. bal.(9/30) 20,500

Answer 1

Materials inventory					work in process inventory
	beg bal	8,000				Beg bal	21,800
	a)	100,000	5,200				179,100
			94,000	b)			121,000
	end bal	8,800					94,000
								400,000
						End bal	15,900
	finished goods inventory					Applied overhead control
	Beg bal	13,500						179,100	d)
	e)	400,000	397,000	f)
	EB (g)	16,500
	Wages payable					Accumulated depreciation
		162,000	124,300					204,500
			121,000	( c)				34,300	(h)
			36,200
			119,500	EB				238,800	EB
	prepaid expense
	BB	24,000
			3,500	i
	EB	20,500
	cost of goods sold					Accounts payable-Materials suppliers
	Beg bal	0				Beg,bal
		397,000						100,000
	end bal	397,000				end bal		100,000