EXERCISE 3-10 (30 MINUTES)

1. a. Raw Materials Inventory ... 210,000

Accounts Payable... 210,000

b. Work in Process ... 178,000

Manufacturing Overhead ... 12,000

Raw Materials Inventory ... 190,000

c. Work in Process ... 90,000

Manufacturing Overhead ... 110,000

Salaries and Wages Payable... 200,000

d. Manufacturing Overhead ... 40,000

Accumulated Depreciation ... 40,000

e. Manufacturing Overhead ... 70,000

Accounts Payable... 70,000

f. Work in Process ... 240,000

Manufacturing Overhead ... 240,000