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Monty Corporation was...

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Accounting

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Monty Corporation was starting a new style of jacket and was monitoring the costs of its first production run of these items during the month. The costs and transactions associated with this jacket were as follows, 1. Purchased fabric on account at a cost of $480. 2. Transferred $395 of fabric into production. 3. Accrued DL cost of $280 associated with 10 DL hours. 4. Recorded actual MOH costs of $255 (consisting of accrped liabilities of $145 and factory-related depreciation of $110 ). 5. Applied MOH costs using a budgeted MOH rate of $14 per DL hour. 6. Recognized cost of goods completed of $530. (a) Assuming there were no beginning balances in any of the inventory accounts at Monty, show how the above transactions would be reflected in the following select accounts: DM Inventory, WIP Inventory, FG Inventory, and MOH Control. ActuaimOH MOH Control (b1) The nart of this question must be completed in order. This part will be availabio when you complete the part above. (c) The p.rts of this question must be completed in order. Thls part will be aval able when you complete the part above

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