acc_423_week_1_individual_assignme...

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acc_423_week_1_individual_assignme...

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Exercise E1-17ACC497NameDateInstructorExercise E1-17Part ARaw MaterialsSeptember 30, 2011 3,150(45,000 41,850 (Purchase cost minus cost removed to work in process))Work in ProcessSeptember 30, 2011 4,410(41,400 37,260 (Cost pulled from raw materials minus cars completed and moved to lot))Finished GoodsSeptember 30,2011 9,315(37,260 27,945 (Cars finished and moved to lot minus cars sold))Cost of Goods SoldSeptember 30, 2011 27,945(This the amount of the 75% sold out of the 90% that was finished))Selling ExpenseSeptember 30, 2011 450(This is the cost of the 50 headlamps used on company vehicles)Part BTo: Chief AccountantFrom: StudentSubject: Income Statement and Balance Sheet Account PlacementDate: September 30, 2011Manufacturing an

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