Question

Dessert Delite Company produces frozen microwavable desserts. The following accounts appeared in the ledger as of December 31.

 

Additional information:

                       Raw Material                                                                         Accounts Payable

Bal 1/1         21,100   |                                                                                                       |    2,600

                  1 34,900  |            120,000                                                              136,500   |   134,900

Bal 12/31    36,000    |                                                                                                       |   1,000

 

                      WIP                                                                                       Finished Goods

Bal 1/1        17,000    |                                                                                 12,000    |

DM              120,000 |       ?                                                                             ?         |          ?

DL                150,000 |                                                             Bal 12/31      20,000   |

MO                     ?      |

Bal 12/31       19,000 |

 

              Manufacturing Overhead (MO)                                              Cost of Goods Sold (COGS)

Bal 1/1           ?           |             ?                                                                    Bal 1/1         710,000   |

Bal 12/31            ?          |                                                                                   Bal12/31      710,000   |

 

                      Wages Payable                                                                         Sales Revenue

Bal 1/1                                       2,000                                                                                       ?

                           147,000        150,000

bal 12/31                                      5,000

 

                    Accounts Receivable

Bal 1/1         11,000

                   810,000         806,000

Bal. 12/31 15,000

*Please find the missing values for the 2 boxes in WIP, 2 boxes in Finished goods, 2 boxes in MO, and 1 box in Sales Revenue.

* The debits are listed in the left column and the credis are listed in the right column for each account.

Dessert Delite Company produces frozen microwavable desserts. The following accounts appeared in the ledger as of December 31.

 

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