The following information has been taken from the perpetual inventory system of Jaxson Manufacturing Co....
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Accounting
The following information has been taken from the perpetual inventory system of Jaxson Manufacturing Co. for the month ended September 30: Hint: The missing Ending Materials Inventory amount on Sept 30 should be a simple calculation based on the information given. You will be asked to solve for various amounts based on your understanding of the relationships between these accounts, as we discussed.
Purchases of direct materials $ 84,000
Direct materials used $ 63,200
Direct labor costs assigned to production $ 44,000
Manufacturing overhead costs incurred $ 46,000
Balances in inventory
Sept 30 Sept 1
Materials $ ? 67,000
Work in Process $ 34,000 51,000
Finished Goods $ 61,000 66,000
Total manufacturing costs added to Work in Process during September amount to?:
The cost of finished goods manufactured and transferred to Finished Goods in September is?:
| The cost of goods sold in September is?: |
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