Exercise 18-26 Name:
Insert your answers into the gray-shaded cells or select from the drop-down lists.
If an answer is incorrect, the word “wrong” will appear.
a. 302,000
302,000
608,000
608,000
600,000
600,000
900,000
900,000
894,000
894,000
8,000
8,000
1,490,000
1,490,000
b.
302,000 900,000
600,000
Bal. 2,000
900,000 894,000
Bal. 6,000
894,000
8,000
Bal. 902,000
608,000 600,000
8,000
Conversion Costs
Solution
Raw and In Process
Finished Goods
Cost of Goods Sold
Sales
Finished Goods Inventory
Finished Goods Inventory
Raw and In Process Inventory
Cost of Goods Sold
Conversion Costs
Accounts Receivable
Cost of Goods Sold
Raw and In Process Inventory
Conversion Costs
Raw and In Process Inventory
Accounts Payable
Various Accounts
Conversion Costs
Bal. –
302,000
608,000
1,490,000
1,490,000
c. The remaining balance in Raw and In Process Material Inventory 2,000$
The remaining balance in Finished Goods Inventory 6,000$
Sales
Accounts Receivable
Accounts Payable
Various Accounts