You are the accountant for Mon Inc., a manufacturer of automobiles. Mon Inc. has the...
60.1K
Verified Solution
Question
Accounting
You are the accountant for Mon Inc., a manufacturer of automobiles. Mon Inc. has the following information available for you (assume there are no indirect materials). Only use numeric characters - do not use dollar signs, commas, decimal places, etc. Calculate the missing values at the bottom.
Opening balance, Raw Materials: | $ 299 |
Opening balance, Work In Progress: | $ 58 |
Opening balance, Finished Goods: | $ 404 |
Wages paid to the factory cleaning staff: | $ 71 |
Wages paid to production-line workers: | $ 186 |
Wages paid to the factory security guard: | $ 94 |
Purchase of automobile parts: | $ 418 |
Purchase of supplies for head office: | $ 22 |
Purchase of supplies for the sales team: | $ 11 |
Amortization of head office computers: | $ 47 |
Amortization of forklift in the finished goods warehouse: | $ 63 |
Ending balance, Raw Materials: | $ 276 |
Ending balance, Work In Progress: | $ 87 |
Ending balance, Finished Goods: | $ 337 |
Manufacturing overhead is: | $2 under-applied |
Raw materials requisitioned: | $ |
Manufacturing overhead applied: | $ |
Cost of goods sent to finished goods warehouse: | $ |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.