Question: Problem 7-50 (Static) Assigning Costs: Missing Data (LO 7-2, 3) The following T-accounts represent September activity. Required: Compute the missing amounts indicated by the letters
Problem 7-50 (Static) Assigning Costs: Missing Data (LO 7-2, 3)
The following T-accounts represent September activity.
Required:
Compute the missing amounts indicated by the letters (a) through (i).
| Materials Inventory | |||
| BB (9/1) | 8,000 | ||
| (a) | 4,300 | ||
| (b) | |||
| EB (9/30) | 9,700 | ||
| Work-in-Process Inventory | |||
| BB (9/1) | 22,300 | ||
| 180,500 | (e) | ||
| 121,000 | |||
| 94,000 | |||
| EB (9/30) | 17,700 | ||
| Finished Goods Inventory | |||
| BB (9/1) | 14,200 | ||
| (e) | (f) | ||
| EB (9/30) | (g) | ||
| Cost of Goods Sold | ||||
| 402,800 | ||||
| Applied Overhead Control | ||||
| (d) | ||||
| Manufacturing Overhead Control | ||||
| 121,000 | ||||
| 4,300 | ||||
| 36,200 | ||||
| 31,600 | ||||
| 3,200 | ||||
| Wages Payable | |||
| 124,300 | |||
| 162,000 | (c) | ||
| 36,200 | |||
| 119,500 | EB (9/30) | ||
| Accumulated DepreciationPlant & Equipment | |||
| 204,100 | BB (9/1) | ||
| (h) | |||
| 235,700 | EB (9/30) | ||
| Accounts PayableMaterial Suppliers | ||||
| 100,000 | ||||
| Prepaid Expenses | |||
| BB(9/1) | 24,300 | ||
| (i) | |||
| EB(9/30) | 21,100 | ||
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