Question
In: Accounting
The following T-accounts represent September activity. Required: Compute the missing amounts indicated by the letters (a)...
The following T-accounts represent September activity.
Required:
Compute the missing amounts indicated by the letters (a) through (i).
| Materials Inventory | |||
| BB (9/1) | 7,500 | ||
| (a) | 4,000 | ||
| (b) | |||
| EB (9/30) | 9,300 | ||
| Work-In-Process Inventory | |||
| BB (9/1) | 22,600 | ||
| 181,500 | (e) | ||
| 121,000 | |||
| 84,200 | |||
| EB (9/30) | 19,000 | ||
| Finished Goods Inventory | |||
| BB (9/1) | 13,300 | ||
| (e) | (f) | ||
| EB (9/30) | (g) | ||
| Cost of Goods Sold | ||||
| 397,700 | ||||
| Applied Overhead Control | ||||
| (d) | ||||
| Manufacturing Overhead Control | ||||
| 121,000 | ||||
| 4,000 | ||||
| 36,200 | ||||
| 30,700 | ||||
| 4,900 | ||||
| Wages Payable | |||
| 124,300 | |||
| 162,000 | (c) | ||
| 36,200 | |||
| 119,500 | EB (9/30) | ||
| Accumulated Depreciation—Plant & Equipment | |||
| 207,500 | BB (9/1) | ||
| (h) | |||
| 238,200 | EB (9/30) | ||
| Accounts Payable—Material Suppliers | ||||
| 90,000 | ||||
| Prepaid Expenses | |||
| BB(9/1) | 25,000 | ||
| (i) | |||
| EB(9/30) | 20,100 | ||
Solutions
Expert Solution
MATERIALS INVENTORY
| Begg. Bal | 7,500 | ||
| a. | 90,000 | 4,000 | |
| b. | 84,200 | ||
| Ending Bal | 9,300 |
WORK IN PROCESS INVENTORY
| Begg. Bal | 22,600 | ||
| 181,500 | e. | 390,300 | |
| 121,000 | |||
| 84,200 | |||
| Ending Bal | 19,000 |
FINISHED GOODS INVENTORY
| Beg. Bal | 13,300 | ||
| e. | 390,300 | f. | 397,700 |
| Ending Bal g. | 5,900 |
COST OF GOODS SOLD
| Begg. Bal | |||
| 397,700 | |||
| Ending Balance | 397,700 |
Applied Overhead control
| Begg. Bal | |||
| d. | 181,500 | ||
| Ending Bal |
Wages Payable
| Begg. Bal | |||
| 124,300 | |||
| 162,000 | c | 121,000 | |
| 36,200 | |||
| Ending Bal |
119,500 |
Accumualted Depreciation - Plant & Equipment
| Begg. Bal | 207,500 | ||
| h. | 30,700 | ||
| Ending Bal |
238,200 |
Accounts Payable - Material Suppliers
| Begg. Bal | |||
| 90,000 | |||
| Ending Bal |
90,000 |
Prepaid Expense
| Begg. Bal | 25,000 | ||
| i | 4,900 | ||
| Ending Bal | 20,100 |
hope you got the answer,
Thankyou and all the best for future
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ekkarill92 answered 1 year agoRelated Solutions
The following T-accounts represent September activity. Required: Compute the missing amounts indicated by the letters (a)...
The following T-accounts represent September activity.
Required:
Compute the missing amounts indicated by the letters
(a) through (i).
Materials Inventory
BB (9/1)
7,500
(a)
4,300
(b)
EB (9/30)
10,500
Work-In-Process
Inventory
BB (9/1)
20,600
180,500
(e)
121,000
87,700
EB (9/30)
18,000
Finished Goods
Inventory
BB (9/1)
13,800
(e)
(f)
EB (9/30)
(g)
Cost of Goods Sold
397,300
Applied Overhead
Control
(d)
Manufacturing Overhead
Control
121,000
4,300
36,200
30,600
2,200
Wages Payable
124,300
162,000
(c)
36,200
119,500
EB (9/30)
Accumulated
Depreciation—Plant...
The following T-accounts represent September activity: Required: Compute the missing amounts indicated by the letters (a)...
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)
5,100
(b)
EB (9/30)
9,600
Work-In-Process Inventory
BB (9/1)
20,800
179,200
121,000
98,300
EB (9/30)
17,000
Finished Goods Inventory
BB (9/1)
14,900
(e)
(f)
EB (9/30)
(g)
Cost of Goods Sold
396,900
Applied Overhead Control
(d)
Manufacturing Overhead Control
121,000
5,100
36,200
34,000
2,500
Wages Payable
124,300
162,000
(c)
36,200
119,500
EB (9/30)
Accumulated Depreciation—Plant &...
The following T-accounts represent September activity: Required: Compute the missing amounts indicated by the letters (a)...
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 &...
6. The following T-accounts represent September activity: Required: Compute the missing amounts indicated by the letters...
6. 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)
5,100
(b)
EB (9/30)
9,600
Work-In-Process Inventory
BB
(9/1)
20,800
179,200
121,000
98,300
EB (9/30)
17,000
Finished Goods Inventory
BB
(9/1)
14,900
(e)
(f)
EB (9/30)
(g)
Cost
of Goods Sold
396,900
Applied Overhead Control
(d)
Manufacturing Overhead Control
121,000
5,100
36,200
34,000
2,500
Wages
Payable
124,300
162,000
(c)
36,200
119,500
EB (9/30)
Accumulated Depreciation—Plant...
Given Chester Corporation’s Q2 balance sheet, compute the missing balance sheet amounts: Cash $19,546,000 Accounts Receivable...
Given Chester Corporation’s Q2 balance sheet, compute the
missing balance sheet amounts: Cash $19,546,000 Accounts Receivable
$5,853,000 Inventory $3,820,000 Plant & Equipment $74,640,000
Accumulated Depreciation ($28,373,000) Accounts Payable $3,478,000
Current Debt $15,300,000 Long Term Debt $24,817,000 Common Stock
$8,629,000 Retained Earnings $23,261,000 Market Cap $69,304,000
Current Assets -?- Current Liabilities -?- Total Equity -?- Total
Assets -?-
For the four unrelated situations, A-D, calculate the unknown amounts indicated by the letters appearing in...
For the four unrelated situations, A-D, calculate the unknown
amounts indicated by the letters appearing in each column:
A
B
C
D
Beginning
Assets
$45,000
$29,000
$45,000
(d)
Liabilities
35,600
22,000
36,000
9,000
Ending
Assets
30,000
26,000
34,000
40,000
Liabilities
17,300
(b)
15,000
19,000
During the Year
Common Stock
2,000
4,500
(c)
3,500
Sales Revenue
(a)
28,000
18,000
24,000
Dividends
22,000
18,500
18,000
23,500
Expenses
25,500
38,000
28,000
34,000
For the four unrelated situations, A-D, calculate the unknown amounts indicated by the letters appearing in...
For the four unrelated situations, A-D, calculate the unknown
amounts indicated by the letters appearing in each column:
A
B
C
D
Beginning
Assets
$45,000
$29,000
$45,000
(d)
Liabilities
35,600
22,000
36,000
9,000
Ending
Assets
30,000
26,000
34,000
40,000
Liabilities
17,300
(b)
15,000
19,000
During the Year
Common Stock
2,000
4,500
(c)
3,500
Sales Revenue
(a)
28,000
18,000
24,000
Dividends
22,000
18,500
18,000
23,500
Expenses
25,500
38,000
28,000
34,000
Letters (a)–(g) represent several recent transactions that were posted to some of Johnson Company’s T-accounts. Raw...
Letters (a)–(g) represent several recent
transactions that were posted to some of Johnson Company’s
T-accounts.
Raw Materials Inventory
(a)
(b)
Manufacturing Overhead
(c)
(e)
Work in Process Inventory
(b)
(f)
(d)
(e)
Finished Goods Inventory
(f)
(g)
Cost of Goods Sold
(g)
Required:
Assign letters (a)–(g) to the following
descriptions to indicate how the transactions would be recorded in
the T-accounts. The purchase of raw materials is provided
as an example, where the letter (a) represents a debit to...
For each of the following independent cases (1–4), compute the missing values. (Enter all amounts as...
For each of the following independent cases (1–4), compute the
missing values. (Enter all amounts as positive values.)
Case 1
Case 2
Case 3
Case 4
Beginning raw materials
$5,400
$23,000
$106,000
Raw
material purchases
54,000
11,850
42,640
Indirect
materials issued
600
1,100
1,400
2,800
Ending
raw materials
1,200
4,150
93,700
Direct
materials used
13,900
33,520
Direct
labor
32,000
122,350
Manufacturing overhead
54,000
40,250
30,080
541,730
Total
current manufacturing costs
75,600
94,600
Beginning
work in process
48,000
36,600
101,820
Ending...
Compute the missing amounts for the following table. A Sales price per unit $1,800 Variable costs...
Compute the missing amounts for the following table.
A
Sales price per unit
$1,800
Variable costs per unit
720
Total fixed costs
669,600
Target profit
1,188,000
Calculate:
Contribution margin per unit
Contribution margin ratio
Required units to break even
Required sales dollars to break even
Required units to achieve target profit
B
$10
6
60,000
75,000
C
$5,000
3,750
1,187,500
1,875,000
(Click the icon to view the table.)
Compute the missing amounts. (Enter the contribution margin
ratio to nearest percent,...
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