# The best estimate of the total monthly fixed manufacturing cost, Accounting 203 homework (please show the steps of solving problem)

&nbsp;Product

Period&nbsp;

A\$3,600

\$0

B\$2,880

\$720

C\$1,920

\$480

D\$960

\$240

2.&nbsp;At&nbsp;an&nbsp;activity&nbsp;level&nbsp;of&nbsp;8,600&nbsp;machine-hours&nbsp;in&nbsp;a&nbsp;month,&nbsp;Nooner&nbsp;Corporation’s&nbsp;total&nbsp;variable&nbsp;production&nbsp;engineering&nbsp;cost&nbsp;is&nbsp;\$734,440&nbsp;and&nbsp;its&nbsp;total&nbsp;fixed&nbsp;production&nbsp;engineering&nbsp;cost&nbsp;is&nbsp;\$154,000.&nbsp;What&nbsp;would&nbsp;be&nbsp;the&nbsp;total&nbsp;production&nbsp;engineering&nbsp;cost&nbsp;per&nbsp;unit,&nbsp;both&nbsp;fixed&nbsp;and&nbsp;variable,&nbsp;at&nbsp;an&nbsp;activity&nbsp;level&nbsp;of&nbsp;8,800&nbsp;machine-hours&nbsp;in&nbsp;a&nbsp;month?&nbsp;Assume&nbsp;that&nbsp;this&nbsp;level&nbsp;of&nbsp;activity&nbsp;is&nbsp;within&nbsp;the&nbsp;relevant&nbsp;range.&nbsp;(Do&nbsp;not&nbsp;round&nbsp;intermediate&nbsp;calculations.)

A\$102.90

B\$102.01

C\$102.55

D\$103.08

3.Buckeye&nbsp;Company&nbsp;has&nbsp;provided&nbsp;the&nbsp;following&nbsp;data&nbsp;for&nbsp;maintenance&nbsp;cost:

Prior&nbsp;Year

Current&nbsp;Year

&nbsp;Machine&nbsp;hours

18,500&nbsp;

21,100&nbsp;

&nbsp;Maintenance&nbsp;cost

\$30,500&nbsp;

\$34,140&nbsp;

Maintenance&nbsp;cost&nbsp;is&nbsp;a&nbsp;mixed&nbsp;cost&nbsp;with&nbsp;variable&nbsp;and&nbsp;fixed&nbsp;components.&nbsp;The&nbsp;fixed&nbsp;and&nbsp;variable&nbsp;components&nbsp;of&nbsp;maintenance&nbsp;cost&nbsp;are&nbsp;closest&nbsp;to:&nbsp;

A.\$30,500&nbsp;per&nbsp;year&nbsp;plus&nbsp;\$1.40&nbsp;per&nbsp;machine&nbsp;hour

B\$29,540&nbsp;per&nbsp;year&nbsp;plus&nbsp;\$.714&nbsp;per&nbsp;machine&nbsp;hour

C\$4,600&nbsp;per&nbsp;year&nbsp;plus&nbsp;\$.714&nbsp;per&nbsp;machine&nbsp;hour

D\$4,600&nbsp;per&nbsp;year&nbsp;plus&nbsp;\$1.40&nbsp;per&nbsp;machine&nbsp;hour

4.A&nbsp;soft&nbsp;drink&nbsp;bottler&nbsp;incurred&nbsp;the&nbsp;following&nbsp;factory&nbsp;utility&nbsp;cost:&nbsp;\$3,436&nbsp;for&nbsp;1,050&nbsp;cases&nbsp;bottled&nbsp;and&nbsp;\$3,548&nbsp;for&nbsp;1,700&nbsp;cases&nbsp;bottled.&nbsp;Factory&nbsp;utility&nbsp;cost&nbsp;is&nbsp;a&nbsp;mixed&nbsp;cost&nbsp;containing&nbsp;both&nbsp;fixed&nbsp;and&nbsp;variable&nbsp;components.&nbsp;The&nbsp;variable&nbsp;factory&nbsp;utility&nbsp;cost&nbsp;per&nbsp;case&nbsp;bottled&nbsp;is&nbsp;closest&nbsp;to:

A\$3.27

B\$0.17

C\$2.09

D\$2.02

5. Supply&nbsp;costs&nbsp;at&nbsp;Lattea&nbsp;Corporation’s&nbsp;chain&nbsp;of&nbsp;gyms&nbsp;are&nbsp;listed&nbsp;below:

Client-Visits

Supply&nbsp;Cost

&nbsp;March

11,662&nbsp;

\$28,576&nbsp;

&nbsp;April

11,458&nbsp;

\$28,410&nbsp;

&nbsp;May

11,990&nbsp;

\$28,834&nbsp;

&nbsp;June

13,500&nbsp;

\$28,922&nbsp;

&nbsp;July

11,722&nbsp;

\$28,637&nbsp;

&nbsp;August

11,208&nbsp;

&nbsp;\$28,236&nbsp;

&nbsp;September

12,002&nbsp;

\$28,835&nbsp;

&nbsp;October

11,693&nbsp;

\$28,593&nbsp;

&nbsp;November

11,841&nbsp;

\$28,718&nbsp;

Management&nbsp;believes&nbsp;that&nbsp;supply&nbsp;cost&nbsp;is&nbsp;a&nbsp;mixed&nbsp;cost&nbsp;that&nbsp;depends&nbsp;on&nbsp;client-visits.&nbsp;Use&nbsp;the&nbsp;high-low&nbsp;method&nbsp;to&nbsp;estimate&nbsp;the&nbsp;variable&nbsp;and&nbsp;fixed&nbsp;components&nbsp;of&nbsp;this&nbsp;cost,&nbsp;Compute&nbsp;the&nbsp;variable&nbsp;component&nbsp;first,&nbsp;rounding&nbsp;off&nbsp;to&nbsp;the&nbsp;nearest&nbsp;whole&nbsp;cent.&nbsp;Then&nbsp;compute&nbsp;the&nbsp;fixed&nbsp;component,&nbsp;rounding&nbsp;off&nbsp;to&nbsp;the&nbsp;nearest&nbsp;whole&nbsp;dollar.&nbsp;Those&nbsp;estimates&nbsp;would&nbsp;be&nbsp;closest&nbsp;to:&nbsp;(Round&nbsp;your&nbsp;Variable&nbsp;cost&nbsp;per&nbsp;unit&nbsp;to&nbsp;2&nbsp;decimal&nbsp;places.)

A\$1.99&nbsp;per&nbsp;client-visit;&nbsp;\$28,638&nbsp;per&nbsp;month

B\$.88&nbsp;per&nbsp;client-visit;&nbsp;\$17,814&nbsp;per&nbsp;month

C\$0.34&nbsp;per&nbsp;client-visit;&nbsp;\$24,367&nbsp;per&nbsp;month

D\$0.30&nbsp;per&nbsp;client-visit;&nbsp;\$24,872&nbsp;per&nbsp;month

6.Babuca&nbsp;Corporation&nbsp;has&nbsp;provided&nbsp;the&nbsp;following&nbsp;production&nbsp;and&nbsp;total&nbsp;cost&nbsp;data&nbsp;for&nbsp;two&nbsp;levels&nbsp;of&nbsp;monthly&nbsp;production&nbsp;volume.&nbsp;The&nbsp;company&nbsp;produces&nbsp;a&nbsp;single&nbsp;product.

&nbsp;Production&nbsp;volume

10,500

&nbsp;units

12,000

&nbsp;units

&nbsp;Direct&nbsp;materials

\$647,850

\$740,400

&nbsp;Direct&nbsp;labor

\$183,750

\$210,000

\$1,009,000

\$1,026,850

The&nbsp;best&nbsp;estimate&nbsp;of&nbsp;the&nbsp;total&nbsp;monthly&nbsp;fixed&nbsp;manufacturing&nbsp;cost&nbsp;is:&nbsp;(Do&nbsp;not&nbsp;round&nbsp;intermediate&nbsp;calculations.)

A\$891,550

B\$884,050

C\$881,050

D\$887,050

Bottom&nbsp;of&nbsp;Form

7.Babuca&nbsp;Corporation&nbsp;has&nbsp;provided&nbsp;the&nbsp;following&nbsp;production&nbsp;and&nbsp;total&nbsp;cost&nbsp;data&nbsp;for&nbsp;two&nbsp;levels&nbsp;of&nbsp;monthly&nbsp;production&nbsp;volume.&nbsp;The&nbsp;company&nbsp;produces&nbsp;a&nbsp;single&nbsp;product.

&nbsp;Production&nbsp;volume

10,500

&nbsp;units

12,000

&nbsp;units

&nbsp;Direct&nbsp;materials

\$647,850

\$740,400

&nbsp;Direct&nbsp;labor

\$183,750

\$210,000

\$1,009,000

\$1,026,850

The&nbsp;best&nbsp;estimate&nbsp;of&nbsp;the&nbsp;total&nbsp;monthly&nbsp;fixed&nbsp;manufacturing&nbsp;cost&nbsp;is:&nbsp;(Do&nbsp;not&nbsp;round&nbsp;intermediate&nbsp;calculations.)

A\$881,050

B\$891,550

C\$884,050

D\$887,050

8.Nikkel&nbsp;Corporation,&nbsp;a&nbsp;merchandising&nbsp;company,&nbsp;reported&nbsp;the&nbsp;following&nbsp;results&nbsp;for&nbsp;July:

&nbsp;Sales

\$419,000&nbsp;

&nbsp;Cost&nbsp;of&nbsp;goods&nbsp;sold&nbsp;(all&nbsp;variable)

\$175,500&nbsp;

&nbsp;Total&nbsp;variable&nbsp;selling&nbsp;expense

\$23,600&nbsp;

&nbsp;Total&nbsp;fixed&nbsp;selling&nbsp;expense

\$17,200&nbsp;

\$15,400&nbsp;

\$31,400&nbsp;

The&nbsp;gross&nbsp;margin&nbsp;for&nbsp;July&nbsp;is:

A\$204,500

B\$370,400

C\$243,500

D\$155,900

9.&nbsp;Nikkel&nbsp;Corporation,&nbsp;a&nbsp;merchandising&nbsp;company,&nbsp;reported&nbsp;the&nbsp;following&nbsp;results&nbsp;for&nbsp;July:

&nbsp;Sales

\$447,000&nbsp;

&nbsp;Cost&nbsp;of&nbsp;goods&nbsp;sold&nbsp;(all&nbsp;variable)

\$170,500&nbsp;

&nbsp;Total&nbsp;variable&nbsp;selling&nbsp;expense

\$20,100&nbsp;

&nbsp;Total&nbsp;fixed&nbsp;selling&nbsp;expense

\$21,600&nbsp;

\$8,500&nbsp;

\$31,300&nbsp;

The&nbsp;contribution&nbsp;margin&nbsp;for&nbsp;July&nbsp;is:

A\$276,500

B\$394,100

C\$195,000

D\$247,900

&nbsp;Merchandise&nbsp;inventory,&nbsp;beginning&nbsp;balance

\$&nbsp;42,700&nbsp;

&nbsp;Merchandise&nbsp;inventory,&nbsp;ending&nbsp;balance

\$&nbsp;42,400&nbsp;

&nbsp;Sales

\$261,700&nbsp;

&nbsp;Purchases&nbsp;of&nbsp;merchandise&nbsp;inventory

\$138,500&nbsp;

&nbsp;Selling&nbsp;expense

\$&nbsp;16,900&nbsp;

\$&nbsp;61,000&nbsp;

The&nbsp;net&nbsp;operating&nbsp;income&nbsp;for&nbsp;September&nbsp;was:

A\$45,000

B\$123,200

C\$53,200

D\$124,200

11.&nbsp;Lettman&nbsp;Corporation&nbsp;has&nbsp;provided&nbsp;the&nbsp;following&nbsp;partial&nbsp;listing&nbsp;of&nbsp;costs&nbsp;incurred&nbsp;during&nbsp;November:

&nbsp;Marketing&nbsp;salaries

\$

52,900&nbsp;

&nbsp;Property&nbsp;taxes,&nbsp;factory

\$

9,200&nbsp;

\$

104,500&nbsp;

&nbsp;Sales&nbsp;commissions

\$

51,200&nbsp;

&nbsp;Indirect&nbsp;labor

\$

44,400&nbsp;

&nbsp;Direct&nbsp;materials

\$

171,900&nbsp;

\$

147,400&nbsp;

&nbsp;Depreciation&nbsp;of&nbsp;production&nbsp;equipment

\$

42,000&nbsp;

&nbsp;Direct&nbsp;labor

\$

90,900&nbsp;

Required:

a.

What&nbsp;is&nbsp;the&nbsp;total&nbsp;amount&nbsp;of&nbsp;product&nbsp;cost&nbsp;listed&nbsp;above?

b.

What&nbsp;is&nbsp;the&nbsp;total&nbsp;amount&nbsp;of&nbsp;period&nbsp;cost&nbsp;listed&nbsp;above?

&nbsp;

12. Corio Corporation reports that at an activity level of 4,400 units, its total variable cost is \$283,096 and its total fixed cost is \$136,710.

Required:

For the activity level of 4,500 units, compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost; (d) the average variable cost per unit; (e) the average fixed cost per unit; and (f) the average total cost per unit. Assume that this activity level is within the relevant range.&nbsp;(Round your “Average cost” to 2 decimal places and other answers to the nearest dollar amount.)

(a)Total variable cost\$&nbsp;(b)Total fixed cost\$&nbsp;(c)Total cost\$&nbsp;(d)Average variable cost\$&nbsp;per unit &nbsp;(e)Average fixed cost\$&nbsp;per unit &nbsp;(f)Average total cost\$&nbsp;per unit &nbsp;

13. Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was \$254,900. At the end of the year, actual direct labor-hours for the year were 18,500 hours, manufacturing overhead for the year was underapplied by \$16,800, and the actual manufacturing overhead was \$249,900. The predetermined overhead rate for the year must have been closest to:

A\$11.73

B\$13.26

C\$13.54

D\$12.60

14. Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 10,500 hours and the total estimated manufacturing overhead was \$228,900. At the end of the year, actual direct labor-hours for the year were 9,700 hours and the actual manufacturing overhead for the year was \$206,840. Overhead at the end of the year was:&nbsp;(Round your intermediate calculations to 2 decimal places.)

A\$9,620 underapplied

B\$4,620 overapplied

C\$9,620 overapplied

D\$4,620 underapplied

15. At the beginning of the year, manufacturing overhead for the year was estimated to be \$279,720. At the end of the year, actual direct labor-hours for the year wee 22,700 hours, the actual manufacturing overhead for the year was \$270,500, and manufacturing overhead for the year was overapplied by \$15,520. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been:&nbsp;(Round your intermediate calculations to 2 decimal places.)

A. 21,800 direct labor-hours

B. 22,200 direct labor-hours

C. 22,700 direct labor-hours

D. 20,700 direct labor-hours

16. Job 593 was recently completed. The following data have been recorded on its job cost sheet:

&nbsp;Direct materials\$2,429 &nbsp;&nbsp;Direct labor-hours74 &nbsp;&nbsp;labor-hours&nbsp;Direct labor wage rate\$ &nbsp;17 &nbsp;&nbsp;per labor-hour&nbsp;Machine-hours135 &nbsp;&nbsp;machine-hours

The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is \$18 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 593 would be:

A. \$6,957

B. \$3,687

C. \$6,117

D. \$3,441

17. The following data have been recorded for recently completed Job 323 on its job cost sheet. Direct materials cost was \$2,063. A total of 33 direct labor-hours and 234 machine-hours were worked on the job. The direct labor wage rate is \$18 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is \$24 per machine-hour. The total cost for the job on its job cost sheet would be:

A. \$8,273

B. \$5,648

C. \$5,229

D. \$10,418

18. During October, Dorinirl Corporation incurred \$68,500 of direct labor costs and \$4,800 of indirect labor costs. The journal entry to record the accrual of these wages would include a:

A. credit to Work in Process of \$68,500

B. credit to Work in Process of \$73,300

C. debit to Work in Process of \$73,300

D. debit to Work in Process of \$68,500

19. Soledad Corporation had \$30,600 of raw materials on hand on December 1. During the month, the Corporation purchased an additional \$76,500 of raw materials. The journal entry to record the purchase of raw materials would include a:

A. debit to Raw Materials of \$76,500

B. credit to Raw Materials of \$107,100

C. credit to Raw Materials of \$76,500

D. debit to Raw Materials of \$107,100

20. During October, Beidleman Inc. transferred \$63,600 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of \$69,120. The journal entries to record these transactions would include a:

A. credit to Cost of Goods Sold of \$69,120

B. credit to Work in Process of \$63,600

C. credit to Finished Goods of \$63,600

D. debit to Finished Goods of \$69,120

21. Bretthauer Corporation has provided data concerning the Corporation’s Manufacturing Overhead account for the month of July. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was \$39,000 and the total of the credits to the account was \$47,000. Which of the following statements is true?

A. Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was \$39,000.

B. Manufacturing overhead for the month was underapplied by \$8,000

C. Manufacturing overhead applied to Work in Process for the month was \$47,000

D. Actual manufacturing overhead incurred during the month was \$47,000

22. Compute the amount of raw materials used during August if \$23,000 of raw materials were purchased during the month and the inventories were as follows:

InventoriesBalance August 1Balance August 31&nbsp;Raw materials\$1,600&nbsp; &nbsp;\$3,300&nbsp;&nbsp;Work in process\$9,000&nbsp; &nbsp;\$14,000&nbsp;&nbsp;Finished goods\$33,000&nbsp; &nbsp;\$33,000&nbsp;A. \$17,300

B. \$21,300

C. \$14,000

D. \$27,900

23. Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the beginning of the month was \$57,000 and at the end of the month was \$49,400. The cost of goods manufactured for the month was \$301,000. The actual manufacturing overhead cost incurred was \$153,500 and the manufacturing overhead cost applied to Work in Process was \$142,000. The adjusted cost of goods sold that would appear on the income statement for July is:

A. \$308,600

B. \$293,400

C. \$320,100

D. \$297,100

24. Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of \$73,140 and 2,300 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to \$75,290 and actual direct labor-hours were 2,200.

The applied manufacturing overhead for the year was closest to:&nbsp;
(Round your intermediate calculations to 2 decimal places.)A. \$66,984

B. \$71,640

C. \$69,960

D. \$74,808

25-26. [The following information applies to the questions displayed below.]

Meyers Corporation had the following inventory balances at the beginning and end of November:

&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; November&nbsp;1 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; November&nbsp;30

&nbsp;Raw&nbsp;Materials &nbsp; &nbsp; &nbsp; \$24,000 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;\$18,000&nbsp;

&nbsp;Finished&nbsp;Goods &nbsp; &nbsp; \$66,000 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;\$45,000&nbsp;

&nbsp;Work&nbsp;in&nbsp;Process &nbsp; &nbsp; &nbsp;\$9,000 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;\$15,000 &nbsp;

During November, \$51,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company’s predetermined overhead rate was \$6 per direct labor-hour, and it paid its direct labor workers \$9 per hour. A total of 300 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained \$6,000 of direct materials cost. The Corporation incurred \$36,000 of actual manufacturing overhead cost during the month and applied \$33,000 in manufacturing overhead cost.

&nbsp;25.

Required information

The direct materials cost in the November 1 Work in Process inventory account totaled:

A. \$2,700

B. \$7,200

C. \$6,300

D. \$4,500

&nbsp;26.

Required information

The actual direct labor-hours worked during November totaled:&nbsp;(Round your answers to the nearest dollar.)

A. 6,000 hours

B. 4,000 hours

C. 3,667 hours

D. 5,500 hours

27. During February, Irving Corporation incurred \$93,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was \$88,000.The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a:A. debit to Work in Process of \$88,000

B. credit to Work in Process of \$88,000

C. debit to Manufacturing Overhead of \$93,000

D. credit to Manufacturing Overhead of \$93,000

28. During February, Irving Corporation incurred \$90,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was \$86,000.The journal entry to record the application of Manufacturing Overhead to Work in Process would include a:A. credit to Manufacturing Overhead of \$86,000

B. debit to Manufacturing Overhead of \$86,000

C. debit to Work in Process of \$90,000

D. credit to Work in Process of \$90,000

29. Quark Spy Equipment manufactures espionage equipment. Quark uses a job-order costing system and applies overhead to jobs on the basis of direct labor-hours. For the current year, Quark estimated that it would work 180,000 direct labor-hours and incur \$38,520,000 of manufacturing overhead cost. The following summarized information relates to January of the current year. The raw materials purchased include both direct and indirect materials.

&nbsp;&nbsp;&nbsp;&nbsp;Raw materials purchased on account\$2,719,200 &nbsp;&nbsp;Direct materials requisitioned into production\$2,503,600 &nbsp;&nbsp;Indirect materials requisitioned into production\$190,000 &nbsp;&nbsp;Direct labor cost (15,100 hours @ \$32 per hour)\$483,200 &nbsp;&nbsp;Indirect labor cost (15,900 hours @ \$21 per hour)\$333,900 &nbsp;&nbsp;Depreciation on the factory building\$389,800 &nbsp;&nbsp;Depreciation on the factory equipment\$1,822,700 &nbsp;&nbsp;Utilities for the factory\$163,800 &nbsp;&nbsp;Cost of jobs finished\$5,133,700 &nbsp;&nbsp;Cost of jobs sold\$4,899,500 &nbsp;&nbsp;Sales (all on account)\$7,350,200 &nbsp;
Required:

Prepare journal entries to record Quark’s transactions for the month of January. Do not close out the manufacturing overhead account.&nbsp;(Omit \$ sign in your response.)

General JournalDebitCredita.(Click to select)Raw materialsAccounts payableWork in processManufacturing overheadSalaries and wages payableAccumulated depreciation, buildingAccumulated depreciation, equipment&nbsp; &nbsp;(Click to select)Raw materialsAccounts payableWork in processManufacturing overheadSalaries and wages payableFinished goodsCost of goods soldb.(Click to select)Raw materialsAccounts payableWork in processManufacturing overheadSalaries and wages payableFinished goodsCost of goods sold&nbsp; &nbsp;(Click to select)Raw materialsAccounts payableWork in processManufacturing overheadSalaries and wages payableFinished goodsCost of goods soldc.(Click to select)Raw materialsAccounts payableWork in processManufacturing overheadSalaries and wages payableFinished goodsCost of goods sold&nbsp; &nbsp;(Click to select)Raw materialsAccounts payableWork in processManufacturing overheadSalaries and wages payableFinished goodsCost of goods soldd.(Click to select)Raw materialsAccounts payableWork in processManufacturing overheadSalaries and wages payableFinished goodsCost of goods sold&nbsp; &nbsp;(Click to select)Raw materialsAccounts payableWork in processManufacturing overheadSalaries and wages payableFinished goodsCost of goods solde.(Click to select)Accounts receivableCost of goods soldFinished goodsSalaries and wages payableManufacturing overheadWork in processAccounts payable&nbsp; &nbsp;(Click to select)Raw materialsAccounts payableWork in processManufacturing overheadSal

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