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Complete the missing amounts and labels in the T-accounts. (Click the icon to...

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Accounting

Complete the missing amounts and labels in the T-accounts.
(Click the icon to view the T-accounts.)
Begin with the Work-in-Process - Cutting T-account, then complete each of the remaining T-accounts. (Abbreviations used: COGS = Cost of Goods Sold, FG= Finished Goods, WIP = Work-in-Process)
Work-in-Process Inventory-Cutting
\table[[Balance, May 1,0,90,000 Transfer out to,WIP_Finishing],[Direct Materials,54,000,,],[Direct Labor,13,000,,],[Manufacturing Overhead,38,000,,],[Balance, May 31,15,000,,],[Work-in-Process Inventory-Finishing],[Balance, May 1,16,000,120,000 Transfer out to,WIP-Packaging],[Transfer in from WIP-Cutting,90,000],[Direct Materials,19,000],[Direct Labor,12,000],[Manufacturing Overhead,20,000],[Balance, May 31,37,000,,]]
Work-in-Process Inventory - Packaging
\table[[Balance, May 1,11,000],[Transfer in from,9,000],[Direct Materials,11,000],[Direct Labor,50;000
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