Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
ogf78 ogf78
wrote...
Go to Answer
Posts: 150
Rep: 0 0
A year ago

The following partially completed T-accounts are for Stanford Corporation:

Raw Materials
DebitCredit
Balance7,000(2)24,000
(1)19,000
Work In Process
DebitCredit
Balance11,000(7)?
(2)15,000
(4)18,000
(6)31,000
Finished Goods
DebitCredit
Balance18,000
(7)62,000
15,000
Manufacturing Overhead
DebitCredit
(2)9,000(6)31,000
(3)16,000
(4)8,000
(5)5,000
Accumulated Depreciation--Factory
DebitCredit
Balance82,000
(3)16,000
Sales Salaries Expense
DebitCredit
(4)11,000
Accounts Payable
DebitCredit
Balance
(1)19,000
(5)5,000
Salaries and Wages Payable
DebitCredit
Balance7,000
(4)37,000

The ending Work in Process account balance would be:



▸ $13,000

▸ $75,000

▸ $20,000

▸ $64,000
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 33 times
1 Reply
Replies
Answer verified by a subject expert
raihala49raihala49
wrote...
#1
Posts: 144
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

ogf78 Author
wrote...

A year ago
This calls for a celebration Person Raising Both Hands in Celebration
avance37
wrote...

Yesterday
This site is awesome
dianeflunder
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  908 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 546
  
 431
  
 348
Your Opinion
Previous poll results: Who's your favorite biologist?