Inventory Accounts for a Manufacturing Company

Fujita Company produces a single product. Costs accumulated at the end of the period are as follows:

Raw material purchases	$54,000		Production supervisor's salary	$20,000
Depreciation on manufacturing equipment	3,000		Shipping costs on units sold	43,500
Sales commissions	20,000		Materials used in production	84,400
Factory labor	36,000		Goods completed	115,000
Property tax on manufacturing equipment	3,500		Cost of units sold	150,000

Assume the beginning raw materials inventory was $62,500, the beginning finished goods inventory was $115,600, and there was no beginning work-in-process inventory.

Required:

Compute the closing account balances of each of the three inventory accounts: Raw Materials, Work in Process, and Finished Goods. If an answer is zero, enter "0".

Raw Materials
Beginning balanceCost of units soldDepreciation on manufacturing equipmentFactory laborGoods completedProduction supervisor's salaryProperty tax on manufacturing equipmentTransferred from raw materialTransferred to work in processBeginning balance	$Beginning balance
Cost of units soldDepreciation on manufacturing equipmentFactory laborGoods completedProduction supervisor's salaryProperty tax on manufacturing equipmentPurchasesTransferred from raw materialTransferred to work in processPurchases	Purchases
Beginning balanceCost of units soldDepreciation on manufacturing equipmentFactory laborGoods completedTotal availableTotal cost of finished goodsTotal cost of work in processTransferred to work in processTotal available	$Total available
Beginning balanceCost of units soldDepreciation on manufacturing equipmentFactory laborGoods completedProduction supervisor's salaryProperty tax on manufacturing equipmentTotal availableTransferred to work in processTransferred to work in process	Transferred to work in process
Closing balance	$fill in the blank 9
Work in Process
Beginning balanceCost of units soldDepreciation on manufacturing equipmentGoods completedPurchasesTotal availableTotal cost of finished goodsTotal cost of work in processTransferred to work in process	$- Select -
Beginning balanceCost of units soldGoods completedPurchasesTotal availableTotal cost of finished goodsTotal cost of work in processTransferred from raw materialTransferred to work in process	- Select -
Beginning balanceCost of units soldDepreciation on manufacturing equipmentGoods completedPurchasesTotal availableTotal cost of finished goodsTotal cost of work in processTransferred to work in process	- Select -
Beginning balanceCost of units soldFactory laborGoods completedPurchasesTotal availableTotal cost of finished goodsTotal cost of work in processTransferred to work in process	- Select -
Beginning balanceCost of units soldGoods completedProperty tax on manufacturing equipmentPurchasesTotal cost of finished goodsTotal cost of work in processTransferred from raw materialTransferred to work in process	- Select -
Beginning balanceCost of units soldGoods completedProduction supervisor's salaryPurchasesTotal cost of finished goodsTotal cost of work in processTransferred from raw materialTransferred to work in process	- Select -
Accounts payableBeginning balanceCashCost of units soldGoods completedPurchasesTotal availableTotal cost of finished goodsTotal cost of work in process	$- Select -
Beginning balanceCost of units soldGoods completedPurchasesTotal availableTotal cost of finished goodsTotal cost of work in processTransferred from raw materialTransferred to work in process	- Select -
Closing balance	$fill in the blank 26
Finished Goods
Beginning balanceDepreciation on manufacturing equipmentFactory laborProduction supervisor's salaryProperty tax on manufacturing equipmentPurchasesTotal cost of work in processTransferred from raw materialTransferred to work in process	$- Select -
Beginning balanceDepreciation on manufacturing equipmentFactory laborGoods completedProduction supervisor's salaryProperty tax on manufacturing equipmentTotal cost of work in processTransferred from raw materialTransferred to work in process	- Select -
Beginning balanceDepreciation on manufacturing equipmentFactory laborGoods completedProduction supervisor's salaryProperty tax on manufacturing equipmentTotal cost of finished goodsTotal cost of work in processTransferred to work in process	$- Select -
Beginning balanceCost of units soldDepreciation on manufacturing equipmentFactory laborGoods completedProduction supervisor's salaryProperty tax on manufacturing equipmentTransferred from raw materialTransferred to work in process	- Select -
Closing balance	$fill in the blank 35