Tracking the flow of costs Complete the missing amounts and labels in the T-accounts. Transcribed Image Text: Work-in-Process Inventory-Cutting Balance, May 1 0 (a) Transfer out to Direct Materials 57,000

Tracking the flow of costs Complete the missing amounts and labels in the T-accounts. Transcribed Image Text: Work-in-Process Inventory-Cutting
Balance, May 1
0 (a)
Transfer out to
Direct Materials
57,000
Direct Labor
5,000
Manufacturing Overhead
Balance, May 31
39,000
16,000
Work-in-Process Inventory-Finishing
11,000 80,000
(b)
21,000
Balance, May 1
Transfer in from
Transfer out to
Direct Materials
Direct Labor
(c)
Manufacturing Overhead
Balance, May 31
18,000
68,000|
Balance, May 1
Transfer in from
Work-in-Process Inventory-Packaging
4,000 (d)
(e)
Transfer out to
Direct Materials
1,000
Direct Labor
9,000
Manufacturing Overhead
Balance, May 31
14,000
8,000
Finished Goods Inventory
0 (f)
(g)
2,000
Balance, May 1
Transfer out to
Transfer in from.
Balance, May 31
Cost of Goods Sold
Balance, May 1
(h)
(i)|
Transfer in from
Balance, May 31

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