Question: for part ( a ) can you make a t - account for every part, including manufacturing overhead? ( a ) Set up the following
for part a can you make a taccount for every part, including manufacturing overhead? a Set up the following Taccounts, record the beginning balances, post the year's transactions. Show your calculations if necessary. Determine ending balances for the accounts with You may assume no other accounts are needed for this year's transactions.
Raw materials Inventory
Work in Process Inventory
Finished Goods Inventory
Cost of Goods Sold
Manufacturing Overhead
Selling and Administrative Expense
Sales Revenue
Accounts Receivable
Accounts Payable
Salaries and Wages Payable
Accumulated depreciation
b Prepare a schedule of cost of goods manufactured.
c Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold.
marksa Set up the following Taccounts, record the beginning balances, post the year's transactions. Show your calculations if necessary. Determine ending balances for the accounts with You may assume no other accounts are needed for this year's transactions.
Raw materials Inventory
Work in Process Inventory
Finished Goods Inventory
Cost of Goods Sold
Manufacturing Overhead
Selling and Administrative Expense
Sales Revenue
Accounts Receivable
Accounts Payable
Salaries and Wages Payable
Accumulated depreciation
b Prepare a schedule of cost of goods manufactured.
c Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold.
marks
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