3.
RCB Manufacturing Inc. is a manufacturer of after-market auto parts. It is the
end of the fiscal year, and the company is in the process of making their year-
end adjusting entries. The balances in the manufacturing overhead, ending
inventories and cost of goods sold accounts are as following:
RAW MATERIAL
WIP INV
FIN GDS INV
COGS
750,00
0
INV
1,000,00
RAW MATL
300,000
450,000
0
1,500,00
DIR. LABOR
450,000
675.000
0
MFG OH
750,000
1,125,000
2,500,00
0
MANUFACTURIN
GOH
185.000
Required: 20 pts Distribute the balance in the Manufacturing Overhead account to the
appropriate T accounts and the overhead account.