Below is a monthly manufacturing cost report for the company Rascal EX Inc. Account Beginning Materials...

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Below is a monthly manufacturing cost report for the company Rascal EX Inc. Account Beginning Materials Inventory Purchases Materials available for use II. iii. Ending inventory Materials used in production Work In Process Inventory Beginning inventory Materials used in production Direct labor Overhead applied Manufacturing costs incurred Ending inventory Cost of goods manufactured Finished Goods Inventory Beginning inventory Cost of goods manufactured Goods available for sale Ending inventory Cost of goods sold Dollar amount $74,323 151,644 ? 78,413 253,210 ? 125,900 ? 242,932 333,149 ? 2 354,235 a. Complete the cost computation table shown here by filling in the cells with the question marks. b. Prepare the journal entries to record the following events: L The purchase of materials The completion of work in process The sale of finished goods (omit the revenue side of the sale) Below is a monthly manufacturing cost report for the company Rascal EX Inc. Account Beginning Materials Inventory Purchases Materials available for use II. iii. Ending inventory Materials used in production Work In Process Inventory Beginning inventory Materials used in production Direct labor Overhead applied Manufacturing costs incurred Ending inventory Cost of goods manufactured Finished Goods Inventory Beginning inventory Cost of goods manufactured Goods available for sale Ending inventory Cost of goods sold Dollar amount $74,323 151,644 ? 78,413 253,210 ? 125,900 ? 242,932 333,149 ? 2 354,235 a. Complete the cost computation table shown here by filling in the cells with the question marks. b. Prepare the journal entries to record the following events: L The purchase of materials The completion of work in process The sale of finished goods (omit the revenue side of the sale)

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1 Calculation of Raw Material Purchased as follows Particulars Amount Beginning Raw Material a 74323 ... View the full answer