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At the beginning of the year, Barrington Manufacturing had the following account ...

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7 years ago

At the beginning of the year, Barrington Manufacturing had the following account ...

At the beginning of the year, Barrington Manufacturing had the following account balances:

   Work-in-Process Inventory
2,000
   Finished Goods Inventory
8,000
   Manufacturing Overhead
0
   Cost of Goods Sold
0
   Sales Revenue
   0

The following additional details are provided for the year:

Direct materials placed in production   $80,000
Direct labor incurred   190,000
Manufacturing overhead incurred   300,000
Manufacturing overhead allocated to production   295,000
Cost of jobs completed   500,000

Record these transactions in the T-accounts and calculate the ending balances for Work-in-Process Inventory, Finished Goods Inventory, and Manufacturing Overhead accounts (unadjuste).

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 756 times

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H3Ko Author

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7 years ago

I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right

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preston j.

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yay that awesome

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Thank you so much

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Thank you tons!

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Thank you

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Thanks

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Thank you

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thank u

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Dimell R.

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Thanks

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