Trial balance

Items Debit Credit

Cash 18000
Accounts receivable 185000
inventories
Raw Materials 5900
Work in process 41300
Finished goods 20200
Plant assets 230000
Accumulated depreciation 76000
Accounts payable 135000
Wages payable 2500
Common stock 145000
retianed earnings 141900
Sales revenue
Cost of goods sold
Manufacturing overhead
Selling and administrative expenses
Total 500400 500400

Raw material paper 4300 Inidrect materials 1600

Work in process Job 120 41300 Job 121 0
finished goods Large stars 9300 small stars 10900

a 151000
b 24000
c 45000
d paper 24500 IM 4300
e Job 120 450
Job 121 7750
IM 2000
f wages june 40000 job 120
g 37100 JOB 121
h 3300
i 80%
j 50300
k 130000
l
 No. Accounts debit credit
a Cash 151000
Accounts receivable 151000

b Selling and administrative expenses 24000

cash 24000

c Accounts payable 45000

cash 45000

d Raw materials inventory 28800

Accounts payable 28800
24500+4300

e Work in process inventory 8200

Manufacturing overhead 2000
Raw materials inventory 10200

f Work in process inventory 22250

Manufacturing overhead 17750
Wages payable 40000

g Wages payable 39600

cash 39600
2500+37100

h Manufacturing overhead 3300

accumulated depreciation 3300

i Work in process inventory 17800

Manufacturing overhead 17800
4750 INDIRE 17750 22250*0.8
17500
j Finished goods inventory 50300
Work in process inventory 50300

k Accounts receivable 130000

sales revenue 130000

k Cost of goods sold 50300

finished goods inventory 50300

l Cost of goods sold 5250

manufacturing overhead 5250
 Cash Raw mateirlal inventory
Bal 18000 Bal 5900 10200
a 151000 24000 b d 28800
45000 c
39600 g
Balances 60400 Balances 24500

Accounts receivable Finished goods inventory

Bal 185000 Bal 20200
k 130000 151000 a j 50300 50300

Balances 164000 Balances 20200

Work in process inventory Plant assets

Bal 41300 Bal 230000
e 8200 50300 j
f 22250 Balances 230000
g 17800
Balances 39250 Accumulated depreciation
76000
Accounts payable 3300
135000 Bal 79300
c 45000 28800 d
118800 Balances wages payable
2500
Common stock g 39600 40000
145000 Bal 2900

145000 Balances Retained earnings

141900
Sales revenue
0 Bal 141900
130000 k
130000 Balances Manufacturing overhead
Bal 0
Cost of goods sold e 2000 17800
Bal 0 f 17750 5250
k 50300 h 3300
l 5250 Balances 0
Balances 55550
Paper
Selling and administrative expenses Bal 4300
Bal 0 d 24500 8200
Bal 24000 Balances 20600
Balances 24000 indirect materials
Bal 1600
Job 120 d 4300 2000
Bal 41300 Balances 3900
e 450 50300 j
f 4750 Job 121
g 3800 Bal 0
Balances 0 e 7750
f 17500
Large stars g 14000
Bal 9300 Balances 39250
j 50300 50300 k
Small stars
Balances 9300 Bal 10900

Balances 10900
rlal inventory Trial balance
e Items Debit Credit
Cash 60400
Accounts receivable 164000
inventories
Raw Materials 24500
Work in process 39250
ods inventory Finished goods 20200
Plant assets 230000
k Accumulated depreciation 79300
Accounts payable 118800
Wages payable 2900
Common stock 145000
t assets retianed earnings 141900
Sales revenue 130000
Cost of goods sold 55550
Manufacturing overhead 0
Selling and administrative expenses 24000
d depreciation Total 617900 617900
Bal
h
Balances

s payable
Bal
f
Balances

d earnings
Bal

Balances

ring overhead

i
l

aper

e
t materials

b 121

all stars
 Scehedule of cost of goods manufactured
Beginning work in process 41300
Direct materials used 8200
Direct labor 22250
Manufacturing overhead
Indirect Materials 2000
Indirect Lbaor 17750
Depreciation-Plant & Equipment 3300
23050
Total manufacuring costs incurred during the month 53500
total manufacuring costs to account for 94800
Ending work in process -39250
Cost of goods manufactured 55550

Income statement
Sales revenue 130000
Cost of goods sold
Cost of goods manufactured 55550
Beginning Finished goods 20200
Cost of goods available for sale 75750
Ending finished goods inventory 20200
Cost of goods sold 55550
Gross profit 74450
Selling and administrative expenses 24000
Net income(loss) 50450
 Trial balance
Items Debit Credit
Cash 16000
Accounts receivable 165000
inventories
Raw Materials 5700
Work in process 41300
Finished goods 21500
Plant assets 200000
Accumulated depreciation 69000
Accounts payable 127000
Wages payable 2900
Common stock 147000
retianed earnings 103600
Sales revenue
Cost of goods sold
Manufacturing overhead
Selling and administrative expenses
Total 449500 449500

Raw material paper 4300 Inidrect materials 1400

Work in process Job 120 41300 Job 121 0
finished goods Large stars 9600 small stars 11900

a 153000
b 20000
c 37000
d paper 23300 IM 4800
e Job 120 650
Job 121 7750
IM 2000
f wages june 43000 job 120
g 40300
h 3000
i 80%
j 50590
k 130000
l
 No. Accounts debit credit
a Cash 153000
Accounts receivable 153000

b Selling and administrative expenses 20000

cash 20000

c Accounts payable 37000

cash 37000

d Raw materials inventory 28100

Accounts payable 28100
23300+4800

e Work in process inventory 8400

Manufacturing overhead 2000
Raw materials inventory 10400

f Work in process inventory 22300

Manufacturing overhead 20700
Wages payable 43000

g Wages payable 43200

cash 43200
2900+40300

h Manufacturing overhead 3000

accumulated depreciation 3000

i Work in process inventory 17840

Manufacturing overhead 17840
4800 job 20700 22300*0.8

j Finished goods inventory 50590

Work in process inventory 50590

k Accounts receivable 130000

sales revenue 130000

k Cost of goods sold 50590

finished goods inventory 50590

l Cost of goods sold 7860

manufacturing overhead 7860
 Cash Raw mateirlal inventory
Bal 16000 Bal 5700 10400
a 153000 20000 b d 28100
37000 c
43200 g
Balances 68800 Balances 23400

Accounts receivable Finished goods inventory

Bal 165000 Bal 21500
k 130000 153000 a j 50590 50590

Balances 142000 Balances 21500

Work in process inventory Plant assets

Bal 41300 Bal 200000
e 8400 50590 j
f 22300 Balances 200000
g 17840
Balances 39250 Accumulated depreciation
69000
Accounts payable 3000
127000 Bal 72000
c 37000 28100 d
118100 Balances wages payable
2900
Common stock g 43200 43000
147000 Bal 2700

147000 Balances Retained earnings

103600
Sales revenue
0 Bal 103600
130000 k
130000 Balances Manufacturing overhead
Bal 0
Cost of goods sold e 2000 17840
Bal 0 f 20700 7860
k 50590 h 3000
l 7860 Balances 0
Balances 58450
Paper
Selling and administrative expenses Bal 4300
Bal 0 d 23300 8400
Bal 20000 Balances 19200
Balances 20000 indirect materials
Bal 1400
Job 120 d 4800 2000
Bal 41300 Balances 4200
e 650 50590 j
f 4800 Job 121
g 3840 Bal 0
Balances 0 e 7750
f 17500
Large stars g 14000
Bal 9600 Balances 39250
j 50590 50590 k
Small stars
Balances 9600 Bal 11900

Balances 11900
rlal inventory Trial balance
e Items Debit Credit
Cash 68800
Accounts receivable 142000
inventories
Raw Materials 23400
Work in process 39250
ods inventory Finished goods 21500
Plant assets 200000
k Accumulated depreciation 72000
Accounts payable 118100
Wages payable 2700
Common stock 147000
t assets retianed earnings 103600
Sales revenue 130000
Cost of goods sold 58450
Manufacturing overhead 0
Selling and administrative expenses 20000
d depreciation Total 573400 573400
Bal
h
Balances

s payable
Bal
f
Balances

d earnings
Bal

Balances

ring overhead

i
l

aper

e
t materials

b 121

all stars
 Scehedule of cost of goods manufactured
Beginning work in process 41300
Direct materials used 8400
Direct labor 22300
Manufacturing overhead
Indirect Materials 2000
Indirect Lbaor 20700
Depreciation-Plant & Equipment 3000
25700
Total manufacuring costs incurred during the month 56400
total manufacuring costs to account for 97700
Ending work in process -39250
Cost of goods manufactured 58450

Income statement
Sales revenue 130000
Cost of goods sold
Cost of goods manufactured 58450
Beginning Finished goods 21500
Cost of goods available for sale 79950
Ending finished goods inventory 21500
Cost of goods sold 58450
Gross profit 71550
Selling and administrative expenses 20000
Net income(loss) 51550