Question: PLEASE ANSWER ASAP DUE TODAY 5PM EST Record the following transactions: Dr. Cr. Purchased $40,000 of materials on account 10pts Dr. Cr. Put $15,000 of

PLEASE ANSWER ASAP DUE TODAY 5PM EST

Record the following transactions: Dr. Cr.

  1. Purchased $40,000 of materials on account 10pts

Dr.

Cr.

  1. Put $15,000 of materials into production 10pts

Dr.

Cr.

  1. Incurred Factory Overhead (FOH) costs of $10,000 10pts

Dr.

Cr. Cash 10,000

  1. Applied FOH based on one half materials put into production 10pts

Dr.

Cr.

  1. Transferred $20,000 from Work in Process (WIP) to Finished Goods 10pts

Dr.

Cr.

  1. Sold goods that cost $15,000 at a selling price of $25,000 20 pts

Dr.

Cr.

Dr.

Cr.

Calculate the total value of Ending Inventory (show calculation below) 20 pts $__________________________

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