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The following T-accounts for the Fitzpatrick Company represent April activity.
Required:
Compute the missing amounts indicated by the letters (a) through (i).
| Materials Inventory |
|---|
| Debit | Credit |
| Beginning Balance (4/1) | 16,500 | | |
| | (a) | 5,300 | |
| | | (b) | |
| | | | |
| Ending Balance (4/30) | 17,900 | | |
| Work-in-Process Inventory |
|---|
| Debit | Credit |
| Beginning Balance (4/1) | 20,600 | | |
| | 161,500 | (e) | |
| | 109,200 | | |
| | 86,700 | | |
| Ending Balance (4/30) | 20,900 | | |
| Finished Goods Inventory |
|---|
| Debit | Credit |
| Beginning Balance (4/1) | 15,300 | | |
| | (e) | (f) | |
| | | | |
| | | | |
| Ending Balance (4/30) | (g) | | |
| Cost of Goods Sold |
|---|
| Debit | Credit | |
| | 346,600 | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| Applied Overhead Control |
|---|
| Debit | Credit | |
| | | (d) | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| Manufacturing Overhead Control |
|---|
| Debit | Credit | |
| | 115,600 | | | |
| | 5,300 | | | |
| | 32,100 | | | |
| | 17,300 | | | |
| | 3,900 | | | |
| Wages Payable |
|---|
| Debit | Credit |
| | | 107,300 | Beginning Balance (4/1) |
| | 148,500 | (c) | |
| | | 32,100 | |
| | | | |
| | | 98,500 | Ending Balance (4/30) |
| Accumulated DepreciationPlant and Equipment |
|---|
| Debit | Credit |
| | | 182,800 | Beginning Balance (4/1) |
| | | (h) | |
| | | | |
| | | | |
| | | 200,100 | Ending Balance (4/30) |
| Accounts PayableMaterial Suppliers |
|---|
| Debit | Credit | |
| | | 91,800 | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| Prepaid Expenses |
|---|
| Debit | Credit |
| Beginning Balance (4/1) | 21,900 | | |
| | | (i) | |
| | | | |
| | | | |
| Ending Balance (4/30) | 18,000 | | |
Answer & Explanation
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