Exam 2- TEAM 6 - Exam #2 Team 6 Case/ Problem Hin Lo, Mary...

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Exam #2 Case/ Problem Team 6 Hin Lo, Mary Sikes, Lee Fanning Raw Materials Mark Note Amount Amount Beg. 12/1/2007 36,000 672,000 (e) Goods Purchased 708,000 Ending Bal 72,000 Work in Procress Inventory Mark Note Amount Amount Beg. 12/1/2007 1,200,000 1,018,000 1105 (f) Mats Drawn 652,000 537,000 1106 (g) Direct Labor 327,000 471,000 1201 (g) Overhead 192,000 245,000 1203 Ending Bal 100,000 Manufacturing Overhead Beg 2260000 2400000 MOH for 2007 Indirect Labor 84000 Indirect Material 20000 Depreciation 62500 Utilities 15000 Insurance 1000 Property Tax 3500 Matinence 5000 Actual Overhead $2,451,000 Under Applied 51,000 Finished Goods Mark Note Amount Amount Beg. 12/1/2007 2,785,000 325,760 Estate Job 1105 1,018,000 544,000 Deluxe Job 1106 537,000 268,600 Economy Job 1201 471,000 107,800 Ring
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Job 1203 245,000 70,000 Brass 78,500 Rainmaker 130,000 Connectors Ending Bal. 3,531,540 Cost of Goods Sold Mark Note Amount Amount Note Mark Beg. 12/1/2007 14,200,000 (adj) Under-applied OH 51,000 Estate 325,760 Deluxe 544,000 Economy 268,600 Ring 107,800 Brass 70,000 Rainmaker 78,500 Connectors 130,000 Ending Bal. 15,775,660
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This note was uploaded on 02/10/2011 for the course ACCOUNTING 201 taught by Professor Notsure during the Spring '11 term at Edmonds Community College.

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Exam 2- TEAM 6 - Exam #2 Team 6 Case/ Problem Hin Lo, Mary...

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