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scan0011 - 9 9.x 95 30 1 3 6 l 7 SOLUTIONS TO PROBLEMS...

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Unformatted text preview: 9 / 9.x. 95 30 1. 3. 6. l 7. SOLUTIONS TO PROBLEMS PROBLEM 3-1A Raw Materials Inventory. ................................................... Accounts Payable ....................................................... Work in Process—Blending ............................................. Work in Process—Packaging .......................................... Raw Materials Inventory ........................................... Factory Labor....... ...................... -. .......................................... 7 Wages Payable ............................................................ {Work in Process—Blending ............................................. ‘Work in Process—Packaging, .......................................... Factory Labor ............... _ ManufaCturing Overhead .................................................. Accounts Payable .......... Work in Process—Blending (900 X $35) ...................... Work in Process—Packaging (300 X $35) ................... Manufacturing Overhead ......................................... Work in Process—Packaging .......................................... Work in Process—Blending .................................... Finished Goods Inventory ................................................ Work in Process—Packaging ................................. Accounts Receivable .......................................................... Sales ............................................................................... Cost of Goods Sold ............................................................. Finished Goods Inventory ....................................... 25,000 16,800 7,200 18,770 12,230 6,540 41,300 31,500 10,500 54,940 74,490 85,000 62,000 25,000 24,000 ‘ 18,770 1 8,770 41,300 42,000 54,940 74,490 85,000 62,000 3-27 ...
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