question archive On November 1, Robotics Manufacturing Company's beginning balances in manufacturing accounts and finished goods inventory were as follows: Raw Materials

On November 1, Robotics Manufacturing Company's beginning balances in manufacturing accounts and finished goods inventory were as follows: Raw Materials

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On November 1, Robotics Manufacturing Company's beginning balances in manufacturing accounts and finished goods inventory were as follows:
Raw Materials ................................ $ 9,000
Manufacturing Supplies ..................... 500
Work-in-Process .............................. 5,000
Manufacturing Overhead .................... 0
Finished Goods ............................... 25,000
During November, Robotics Manufacturing completed the following manufacturing transactions:
1. Purchased raw materials costing $58,000 and manufacturing supplies costing $3,000 on account.
2. Requisitioned raw materials costing $40,000 to the factory.
3. Incurred direct labor costs of $27,000 and indirect labor costs of $4,800.
4. Used manufacturing supplies costing $3,000.
5. Recorded manufacturing depreciation of $15,000.
6. Miscellaneous payables for manufacturing overhead totaled $3,600.
7. Applied manufacturing overhead, based on 2,250 machine hours, at a predetermined rate of $10 per machine hour.
8. Completed jobs costing $85,000.
9. Finished goods costing $96,000 were sold.
Required
Prepare "T" accounts showing the flow of costs through all manufacturing accounts, Finished Goods Inventory, and Cost of Goods Sold.

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Raw material

                         $9,000

                          28,000

 

40,000

 

                       $27,000

 

 

 

Work in process

                         $5,000

  DM                  40,000

  DL                   27,000

  OH                   22,500

 

 

 

 85,000

                           9,500

 

 

 

Finished goods

                       $25,000

                        85,000

 

 96,000

                        14,000

 

 

 

Cost of goods sold

                      96,000

 

 

 

 

Manuf. supplies

                         $500

                         3,000

 

 3,000

 

 

 

 

Manufacturing overhead

                             $ 0

                            4,800

                            3,000

                            5,000

                            3,600

 

 40,000

 

 

 22,500

                         $3,900

 

 

 

 

Accounts payable

 

  61,000

 

 

 

 

Wages payable

                     

  27,000

  4,800

 

 

 

 

Accum. depriciation

 

  15,000

 

 

 

 

Miscellaneaous payables

              

  3,600