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.

Upper Crust Company Balance Sheet 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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