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View Full Version : B. Show the presentation of ending inventories on the June 30, 2008, balance sheet?


hash019
Sep 15, 2010, 03:15 PM
Raw Material - Beginning : $9,000 - Ending:$13,100, Work in Process - Beginning: $5,000 - Ending: $7,000, Finished Goods - Beginning: $9,000 - Ending: $6,000.

Cost incurred: Raw Materials purchases $54,000, direct labor $57,000, manufacturing overhead $19,900. The specific overhead costs were: indirect labor $5,500, factory insurance $4,000, machinery depreciation $4,000, machinery repairs $1,800, factory utilities $3,100, miscellaneous factory costs $1,500. Assume that all raw materials used were direct materials.

I don't understand what it wants me to do.

morgaine300
Sep 15, 2010, 03:32 PM
Please do not post your question twice like that - it tends to just confuse people. I've merged your posts together.

Also please see the guidelines for posting homework:
https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html