Question: Using the information provided, post the transactions to the manufacturing accounts for Broom Makers Company, a manufacturer of fine broomsticks. For your convenience, beginning balances


Using the information provided, post the transactions to the manufacturing accounts for Broom Makers Company, a manufacturer of fine broomsticks. For your convenience, beginning balances have been entered where applicable. Calculate ending balance for all accounts. Raw Materials Inv. 38.000 Work in Process Inv. 9,700 Finished Goods Inv. 69,000 Factory Labor Cost of Goods Sold Manufacturing Overhead Additional Information: 1. Raw materials purchased on account amount to $193,000. 2. Factory labor costs incurred total $100,000. 3. Other manufacturing overhead costs incurred on account amounted to $8,000. 4. Material requisitions show that $10,000 of the materials were for indirect use and $182,000 were for direct use. 5. Time tickets shows that $67,000 of labor costs were for direct labor. 6. The company's predetermined overhead rate is 80% of direct labor costs. 7. Jobs completed for the period total $279,200. 8. The cost of the jobs sold for the period total $348,200. 9. Transfer any remaining overhead costs to the appropriate account
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