Question

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)	3,300
		(b)
EB (9/30)	9,700

Work-In-Process Inventory
BB (9/1)	20,500
	181,700
	121,000
	100,000
EB (9/30)	18,400

Finished Goods Inventory
BB (9/1)	15,100
	(e)	(f)
EB (9/30)	(g)

Cost of Goods Sold
	396,900

Applied Overhead Control
		(d)

Manufacturing Overhead Control
	121,000
	3,300
	36,200
	30,000
	3,300

Wages Payable
		124,300
162,000		(c)
		36,200
		119,500	EB (9/30)

Accumulated Depreciation—Plant & Equipment
		204,500	BB (9/1)
		(h)
		234,500	EB (9/30)

Accounts Payable—Material Suppliers
		105,000

Prepaid Expenses
BB(9/1)	24,800
		(i)
EB(9/30)	21,500

Answer 1

Materials inventory					work in process inventory
	beg bal	8,000				Beg bal	20,500
	a)	105,000	3,300				181,700
			100,000	b)			121,000
	end bal	9,700					100,000
								404,800
						End bal	18,400
	finished goods inventory					Applied overhead control
	Beg bal	15,100						181,700	d)
	e)	404,800	396,900	f)
	EB (g)	23,000
	Wages payable					Accumulated depreciation
		162,000	124,300					204,500
			121,000	( c)				30,000	(h)
			36,200
			119,500	EB				234,500	EB
	prepaid expense
	BB	25,200
			3,400	i
	EB	21,800
	cost of goods sold					Accounts payable-Materials suppliers
	Beg bal	0				Beg,bal		0
		396,900						105,000
	end bal	396,900				end bal		105,000