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28 July, 13:51

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

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  1. 28 July, 14:19
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    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
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