the following data pertain to martin company for september raw material inventory se 4375436

The following data pertain to Martin Company for September: Raw material inventory, September 1 …………………………… $ 80,000 Work in process inventory, September 1 ………………………… 95,000 Finished goods inventory, September 1 ………………………….. 65,000 Raw material purchases ………………………………………….. 55,000 Raw material issued ……………………………………………… 100,000 Direct labor costs incurred ………………………………………. 60,000 Overhead costs incurred …………………………… …………… 75,000 Cost of goods completed and transferred ……………………….. 210,000 Cost of sales …………………………………………………….. 235,000 Required: a. Prepare T-accounts for the three inventory accounts and cost of sales. b. Record the beginning balances and post the transactions for the month. c. Draw arrows to show the transfers between accounts. d. Calculate the inventory balances as of September 30. View Solution:
The following data pertain to Martin Company for September Raw material

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