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(Solved by Expert Tutors) journal entry for E 16?25 (LO1)Flow of Manufacturing CostsRaw Materials


OverheadBeg. Bal.9,000(b)50,000(d)7,000(i)40,000(a)60,000(d)7,000(f)12,000(c)9,000(h)25,000Work-in-Process InventoryFinished Goods InventoryBeg. Bal.30,000(j)120,000Beg. Bal.20,000(k)135,000(b)Direct(j)120,000materials50,000(e)Directlabor60,000(i)Mfg. over-head40,000Cash (Accounts Payable)Wages Payable(a)60,000(e)60,000(c)9,000(f)12,000(g)32,000(h)25,000Cost of Goods SoldSelling and Administrative Expenses(k)135,000(g)32,000

 


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