SOLUTIONS TO BRIEF EXERCISES 3

SOLUTIONS TO BRIEF EXERCISES 3 - SOLUTIONS TO BRIEF...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 3-1 May 31 Raw Materials Inventory. .................................. 60,000 Accounts Payable. ..................................... 60,000 31 Factory Labor. .................................................... 40,000 Wages Payable. .......................................... 40,000 BRIEF EXERCISE 3-2 May 31 Work in Process—Assembly Department. ..... 29,000 Work in Process—Finishing Department. ...... 31,000 Raw Materials Inventory. .......................... 60,000 31 Work in Process—Assembly Department. ..... 28,000 Work in Process—Finishing Department. ...... 12,000 Factory Labor. ............................................ 40,000 BRIEF EXERCISE 3-3 May 31 Work in Process—Assembly Department. ..... 42,000 ($28,000 X 150%) Work in Process—Finishing Department. ...... 18,000 ($12,000 X 150%) Manufacturing Overhead. ......................... 60,000 BRIEF EXERCISE 3-4 January March July
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Beginning work in process Started into production Total units to be accounted for
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/16/2011 for the course AC 303 taught by Professor Richardkido during the Spring '11 term at Chaminade University.

Page1 / 10

SOLUTIONS TO BRIEF EXERCISES 3 - SOLUTIONS TO BRIEF...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online