The “flow” of manufacturing costs through the ledger of Nitr…

Written by Anonymous on January 17, 2024 in Uncategorized with no comments.

Questions

The “flоw” оf mаnufаcturing cоsts through the ledger of Nitrаm Manufacturing Company during September is summarized in the following T-accounts.  Some amounts have been omitted and are represented by question marks. Nitram uses a job-order cost accounting system. Raw Material Inventory Direct Labor Beg. Bal.     35,000  Beg. Bal.              0  38,000  36,000  16,000  20,000  End. Bal.         ?  End. Bal.      4,000  Work in Process Inventory Manufacturing Overhead Beg. Bal.       6,000  33,000  30,000  86,000                 ?      End. Bal.       8,000  Finished Goods Inventory Cost of Goods Sold Beg. Bal.     50,000  ? ?                 ?      End. Bal.     42,000   

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