EXERCISE 3 - EXERCISE 3-2 1 Raw Materials Inventory...

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1. Raw Materials Inventory. ............................................ 56,300 Accounts Payable. ............................................... 56,300 2. Factory Labor. .............................................................. 55,000 Wages Payable. .................................................... 55,000 3. Manufacturing Overhead. ........................................... 70,000 Cash. ..................................................................... 36,000 Accounts Payable. ............................................... 34,000 4. Work in Process—Cutting. ......................................... 15,700 Work in Process—Assembly. .................................... 8,900 Raw Materials Inventory. .................................... 24,600 5. Work in Process—Cutting. ......................................... 28,000 Work in Process—Assembly. .................................... 27,000 Factory Labor. ...................................................... 55,000
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EXERCISE 3 - EXERCISE 3-2 1 Raw Materials Inventory...

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