Answer the following questions by analysing the T-accounts given below. Transcribed Image Text: 1. Answer the following questions by analysing the T-accounts given below Materials Inventory Work in Process Inventory

Answer the following questions by analysing the T-accounts given below. Transcribed Image Text: 1. Answer the following questions by analysing the T-accounts given below
Materials Inventory
Work in Process Inventory
$ 18,000
360,000
Ending balance $ 14,000
Beg. balance
Beg. balance $ 20,000
230,000
400,000
Ending balance $ 25,000
Direct Labor
Finished Goods Inventory
$225,000
$230,000 –
Ending balance $ 5,000
Beg. balance $ 98,000
?
Ending balance $110,000
Manufacturing Overhead
Cost of Goods Sold
$400,000
$400,000 –
?
j) The total amount of inventory listed in the hear-end balance sheet
k) Manufacturing overhead assigned to production

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