Title: The following partially completed T-accounts are for Stanford Corporation:Raw ...
Post by: Coolguy80 on Mar 30, 2023
The following partially completed T-accounts are for Stanford Corporation: | Raw Materials |
|---|
| Debit | Credit |
|---|
| Balance | 7,000 | (2) | 24,000 | | (1) | 19,000 | | |
| Work In Process |
|---|
| Debit | Credit |
|---|
| Balance | 11,000 | (7) | ? | | (2) | 15,000 | | | | (4) | 18,000 | | | | (6) | 31,000 | | | | | | |
| Finished Goods |
|---|
| Debit | Credit |
|---|
| Balance | 18,000 | | | | (7) | 62,000 | | | | 15,000 | | |
| Manufacturing Overhead |
|---|
| Debit | Credit |
|---|
| (2) | 9,000 | (6) | 31,000 | | (3) | 16,000 | | | | (4) | 8,000 | | | | (5) | 5,000 | | | | | | |
| Accumulated Depreciation--Factory |
|---|
| Debit | Credit |
|---|
| | Balance | 82,000 | | | (3) | 16,000 | | | | |
| Sales Salaries Expense |
|---|
| Debit | Credit |
|---|
| (4) | 11,000 | | | | | | |
| Accounts Payable |
|---|
| Debit | Credit |
|---|
| | Balance | | | | (1) | 19,000 | | | (5) | 5,000 | | | | |
| Salaries and Wages Payable |
|---|
| Debit | Credit |
|---|
| | Balance | 7,000 | | | (4) | 37,000 | | | | |
The indirect labor cost is: ▸ $8,000 ▸ $15,000 ▸ $18,000 ▸ $37,000
Title: Re: The following partially completed T-accounts are for Stanford Corporation:Raw ...
Post by: voltayre on Mar 30, 2023
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