Question: Manufacturing Company Balance Sheet Partial balance sheet data for Upper Crust Company at August 31 are as follows: Finished goods inventory $16,500 Prepaid insurance 16,800
Manufacturing Company Balance Sheet
Partial balance sheet data for Upper Crust Company at August 31 are as follows:
| Finished goods inventory | $16,500 |
| Prepaid insurance | 16,800 |
| Accounts receivable | 42,900 |
| Work in process inventory | 66,000 |
| Supplies | 29,700 |
| Materials inventory | 36,300 |
| Cash | 46,200 |
Prepare the Current Assets section of Upper Crust Companys balance sheet at August 31.
| Current assets: | ||
| CashFinished goodsMaterialsPrepaid insuranceWork in processCash | $Cash | |
| Accounts receivableFinished goodsMaterialsPrepaid insuranceWork in processAccounts receivable | Accounts receivable | |
| Inventories: | ||
| Accounts receivableCashFinished goodsPrepaid insuranceSuppliesFinished goods | $Finished goods | |
| Accounts receivableCashPrepaid insuranceSuppliesWork in processWork in process | Work in process | |
| Accounts receivableCashMaterialsPrepaid insuranceSuppliesMaterials | Materials | blank |
| Total inventories | blank | fill in the blank 11 |
| Accounts receivableCashMaterialsSuppliesWork in processSupplies | Supplies | |
| Accounts receivableFinished goodsMaterialsPrepaid insuranceWork in processPrepaid insurance | Prepaid insurance | |
| Total current assets | $fill in the blank 16 |
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