Explore BrainMass
Share

T-accounts / finding beg. balance

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Find the beg. balance of Work in Process - Refining Department. The book says the balance was in the given information. I put the given info. in gray.

© BrainMass Inc. brainmass.com October 24, 2018, 8:24 pm ad1c9bdddf
https://brainmass.com/business/t-accounts/t-accounts-finding-beg-balance-95767

Attachments

Solution Preview

March 1 in process inventory
Refining Department:
Raw Materials 25000
Direct Labor 4000
Overhead 9000

Cost incurred during March
Blending Department:
Materials Used 115000
Direct ...

Solution Summary

This solution is comprised of a detailed explanation to find the beg. balance of Work in Process - Refining Department.

$2.19
See Also This Related BrainMass Solution

Analytical procedures-Ratio relationships

State how the ratio in question would compare(greater, equal, or less) to what the ratio should have been had the error or fraud not occurred.

The company recorded fictitious sales with credits to sales revenue accts. and debits to A/R. Inventory was reduced, and cost of goods sold was increased for the profitable sales. Is the current ratio great than, equal to, or less than what it should have been?

View Full Posting Details