Question

Assignment Last night, the sprinkler system at Plant A was accidentally set off. The ensuing deluge destroyed most of the cost records in Plant A for the month yat completed (May). The plant manager has come to you in a panik-he has to complete his report for head office by the end of today, He wants you to give him the numbers he needs for his report. He can provide you with som fragments of information he has been able to salvage: Raw materials: Beginning $24,100 Ending Beginning 16,400 Sold in May 403,600 Ending 占ginning Beginning 55,500 Work in process Finished goods 50,400 Manufacturing overhead: Accrued wages payable: 11,100 18,600 on 10 Other information: ion 13 1. Total direct materiais requisitions for the month were $180,100 2. A total of 9,200 direct labour hours were worked during the month at an average wage of $15/hour 3. Manufacturing overhead of $104,800 was incurred during the peried 4. On May 31, the ending inventory of work in process is $5,500, tion 15 Score

Answer 1

a)	Materials purchased				211,500
	T- account
	Raw materials
	beginning	24,100	Requisitioned	180,100
	purchased	211,500
	Ending	55,500
b)	Amount paid to labor force				130,500
	Accrued wages payable
	Cash	130,500	Beginning	11,100
			DL	138000
	Ending	18,600
c)	Cost of goods transferred from WIP to finished goods inventory						433,800
	WIP
	Beginning	16,400	Transferred	433,800
	DM	180,100
	DL	138000
	OH	104,800
	Ending	5,500
d)	Cost of finished goods inventory at the beginning of May						20,200
	beginning	20,200	COGS	403,600
	WIP	433,800
	Ending	50,400