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ACCOUNTING EXERCISES

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JERICHO B. RAMENTO
BSBA MM 3-D
ACCOUNTING
ATO’S
RAW MATERIALS
INVENTORY
A.
200,000
B.
150,000
BAL.
50,000
WORK IN PROCESS
INVENTORY
B. 130,000
C. 50,000
F. 90,000
BAL. 75,000
MANUFACTURING
OVERHEAD
B. 20,000
C. 30,000
D. 35,000
J. 5,000
ADJUSTMET
SALES REVENUE
FINISHED GOODS
INVENTORY
G. 195,000
H. 176,000
BAL. 19,000
COST OF GOOD SOLD
H. 176,000
J. 5,000
BAL.
171,000
NON MANUFACTURING
EXPENSES
E. 15,000
PACIFIC POOL COMPANY
COST OF GOOD MANUIFACTURING REPORT
BEGINNING RAW MATERIALS
INVENTORY
PLUS: RAW MATERIALS PURCHASE
LESS: INDIRECT MATERIALS
LESS: ENDING RAW MATERIALS
INVENTORY
200,000
(20,000)
(50,000)
DIRECT MATERIALS USED
DIRECT LABOR
MANUFACTUIRNG OVERHEAD APLLIED
130,000
50,000
90,000
TOTAL CURRENT MANUFACTURING
COSTS
270,000
PLUS: BEGINNING WORK IN PROCESS
INVENTORY
LESS: ENDING WORK IN PROCESS
INVENTORY
(75,000)
COST OF GOODS MANUFACTURED
195,000

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