he Ryde and Rowe Inc. had the following account balances as of January 1: Direct Materials Inventory $ 8,700 Work in Process Inventory 76,500 Finished Goods Inventory 53,000 Manufacturing Overhead 0 During the month of January, all of the following occurred: 1.Direct labor costs were $44,000 for 1,800 hours worked. 2.Direct materials costing $29,000 and indirect materials costing $5,000 were purchased. 3.Sales commissions of $16,500 were earned by the sales force. 4.$22,000 worth of direct materials were used in production. 5.Advertising costs of $6,300 were incurred. 6.Factory supervisors earned salaries of $10,645. 7.Indirect labor costs for the month were $3,000. 8.Monthly depreciation on factory equipment was $4,500. 9.Utilities expense of $5,372 was incurred in the factory. 10.Equipment with manufacturing costs of $69,000 were transferred to finished goods. 11.Monthly insurance costs for the factory were $4,200. 12.$5,000 in property taxes on the factory were incurred and paid. 13.Equipment with manufacturing costs of $88,427 were sold for $160,777.Instructions a. Assume If Ryde and Rowe assigns manufacturing overhead of $34,400, what will be the balances in the Direct Materials, Work in Process, and Finished Goods Inventory accounts at the end of January? Direct Materials Inventory ________ Work In Process Inventory ________ Finished Goods Inventory _________
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
EssayBrill has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.
At EssayBrill, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.
Admission and Business Papers
Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.
Editing and Proofreading
Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.
We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.