Hard Core Enterprises makes peripheral equipment for computers. Emily Vit, the company's new controller, can find only the following partial information for the past two months:
Account/Transaction July August
Beginning Materials Inventory 52,000 ?
Beginning Work in Process Inventory 24,000 ?
Beginning Finished Goods Inventory 36,000 ?
Materials purchased ? 31,000
Direct materials requested 77,000 ?
Direct labor costs ? 44,000
Overhead applied 53,200 ?
Cost of units completed ? 167,000
Cost of Goods Sold 188,000 ?
Ending Materials Inventory 27,000 8,000
Ending Work in Process Inventory ? ?
Ending Finished Goods Inventory 12,000 19,000
Manufacturing Company T Accounts: Step by step entries for Hard Core Enterprises