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: $ 135 Opening balance, Work In Progress: $ Opening balance, Finished Goods: $ 112 174 Raw materials transferred to factory: $ Cost of goods sent to finished goods warehouse: $ Cost of goods sold: $ Direct labour costs: $ Indirect labour costs: $ Utilities at head office: $ Purchase of supplies for factory: $ Purchase of automobile parts: $ Manufacturing Overhead transferred to Work In Progress: $ Ending balance, Raw Materials: $ Ending balance, Work In Progress:$ Ending balance, Finished Goods: $ 459 486 511 107 43 93 121 492 164

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: $ 135 Opening balance, Work In Progress: $ Opening balance, Finished Goods: $ 112 174 Raw materials transferred to factory: $ Cost of goods sent to finished goods warehouse: $ Cost of goods sold: $ Direct labour costs: $ Indirect labour costs: $ Utilities at head office: $ Purchase of supplies for factory: $ Purchase of automobile parts: $ Manufacturing Overhead transferred to Work In Progress: $ Ending balance, Raw Materials: $ Ending balance, Work In Progress:$ Ending balance, Finished Goods: $ 459 486 511 107 43 93 121 492 164

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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