Question

The following T-accounts record the operations of Oriole Co.: Assume all raw materials are direct materials. Raw Materials Beginning Balance 11,648 ????? 68,365 Ending Balance 12,458 Work in Process Beginning Balance 19,606 Direct Material ????? Direct Labor 49,706 Overhead 74,880 ????? Ending Balance 24,618

Answer 1

Answer:

Add Purchases????? 68,365

Direct Material ????? $67555

????? Total Manufacturing Cost=  $192141

Total WIP transferred to Finished Goods= $187129

Explanation:

Raw Materials Beginning Balance 11,648

Add Purchases????? 68,365

Material Available       80,013

Less Ending Balance 12,458

Direct Material Used   $67555

Direct Material ????? $67555

Direct Labor 49,706

Overhead 74,880

????? Total Manufacturing Cost=  $192141

Add Work in Process Beginning Balance 19,606

Less Ending Balance                                 24,618

Total WIP transferred to Finished Goods= $187129