Problem 3-29 Name:
Enter the appropriate answers in the shaded (gray) cells.
An asterisk (*) will appear in the column to the right of an incorrect number.
Note: T-accounts are provided to assist with determining required amounts.
Plug in the given amounts and then insert formulas to determine missing amounts.
Descriptions will not be graded.
A.
Beg. bal. 60,250 DM used 153,500
B.
Beg. bal. 44,000 Cost of goods Beg. bal. 24,150 Cost of goods
DM used 153,500 manufactured 563,500 Cost of goods sold 564,650
Direct Materials Inventory
Work in Process Inventory
Instructor
Finished Goods
C.
Cost of goods sold before adjustment 564,650$
Adjustment: