Read the requirements.

Requirement a$.$ Complete the T$-$accounts for raw materials, work in process, and finished goods.

the ending balance $($along with the appropriate posting reference$)$ on the last line of each account.

View the abbreviations.

Raw Materials

Finished Goods Inventory

Work in Process Inventory

Requirements

a$.$ Complete the T$-$accounts for raw materials, work in process, and finished

goods.

b$.$ What are prime costs?

c$.$ What are conversion costs?

d$.$ What is cost of goods manufactured?

e$.$ What is the ending balance of the raw materials inventory?

f$.$ What is the ending balance of the work in process inventory?

g$.$ What is the ending balance of the finished goods inventory?

Data