Question: Manufacturing Cost Flows with Machine Hours Allocation On November 1, Robotics Manufacturing Company's beginning balances in manufacturing accounts and finished goods inventory were as follows:

Manufacturing Cost Flows with Machine Hours Allocation On November 1, Robotics Manufacturing Company's beginning balances in manufacturing accounts and finished goods inventory were as follows:

Raw Materials $9,000
Manufacturing Supplies 500
Work-in-Process 5,000
Manufacturing Overhead 0
Finished Goods 25,000

During November, Robotics Manufacturing completed the following manufacturing transactions:

  1. Purchased raw materials costing $58,000 and manufacturing supplies costing $3,000 on account. (Single Transaction)
  2. Requisitioned raw materials costing $40,000 to the factory.
  3. Incurred direct labor costs of $27,000 and indirect labor costs of $4,800.
  4. Used manufacturing supplies costing $3,000.
  5. Recorded manufacturing depreciation of $17,000.
  6. Miscellaneous payables for manufacturing overhead totaled $3,500.
  7. Applied manufacturing overhead, based on 2,150 machine hours, at a predetermined rate of $10 per machine hour.
  8. Completed jobs costing $84,000.
  9. Finished goods costing $95,000 were sold.

(a) Prepare "T" accounts showing the flow of costs through all manufacturing accounts, Finished Goods Inventory, and Cost of Goods Sold. (b) Calculate the balances at the end of November for Work-in-Process Inventory and Finished Goods Inventory.

Enter transactions in the T-accounts in the order they appear using the first available answer box on the appropriate side.

Raw Materials Inventory
Bal

9,000

Answer

Answer

Answer

Work-in-Process Inventory
Bal 5,000 Answer

Answer

Answer

Answer

Answer

Answer

Answer

Bal Answer

Answer

Finished Goods Inventory
Bal 25,000 Answer

Answer

Answer

Bal Answer

Answer

Cost of Goods Sold
Answer

Answer

Accumulated Depreciation- Factory Assets
Answer

Answer

Accounts Payable
Answer

Answer

Wages Payable
Answer

Answer

Other Payables
Answer

Answer

Manufacturing Supplies
Bal 500 Answer

Answer

Answer

Manufacturing Overhead
Bal 0 Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Feedback

Partially correct

Marks for this submission: 5.45/12.50.

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