Use the included information about Raw Materials Inventory (RM), Work in Process Inventory (WIP), Finished Goods...

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Use the included information about Raw Materials Inventory (RM), Work in Process Inventory (WIP), Finished Goods Inventory (FG), and the Income Summary (IS). Determine the end of the month closing balance in the Work in Process inventory account. 4 1 2 3 RM B Bal T1 1 4 5 6 7 8 9 FG 10 B Bal 11 T1 T2 T3 T4 E Bal 12 T2 13 T3 14 T4 15 E Bal 2 Debits 4300 29 050 Debits 4800 45 592 3 Credits 28 000 Credits 33 500 5 WIP B Bal DM DL FOH CGM E Bal IS Rev CGS V Op Exp F Op Exp NIBT 6 Debits 8920 28 000 17 430 11 130 Debits 33 500 5130 7960 7 Credits 45 592 Credits 66 200 Use the included information about Raw Materials Inventory (RM), Work in Process Inventory (WIP), Finished Goods Inventory (FG), and the Income Summary (IS). Determine the end of the month closing balance in the Work in Process inventory account. 4 1 2 3 RM B Bal T1 1 4 5 6 7 8 9 FG 10 B Bal 11 T1 T2 T3 T4 E Bal 12 T2 13 T3 14 T4 15 E Bal 2 Debits 4300 29 050 Debits 4800 45 592 3 Credits 28 000 Credits 33 500 5 WIP B Bal DM DL FOH CGM E Bal IS Rev CGS V Op Exp F Op Exp NIBT 6 Debits 8920 28 000 17 430 11 130 Debits 33 500 5130 7960 7 Credits 45 592 Credits 66 200

Answer rating: 100% (QA)

To calculate the ending balance of the Work in Process WIP inventory account you will nee... View the full answer