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are as follows: Raw materials inventory $50,000 Work-in-process inventory $60,000 Finished goods inventory $90,000 You will be recording the following transactions, which summarize the activities ended December 31, 2016: that occurred during the year 1. Raw materials were purchased for $30,000 on an account. 2. Raw materials totaling $41,000 were placed in production, $5,000 f for indirect materials and $36,000 for direct materials. 3. 4. The raw materials purchased in transaction 1 were paid for A total cost of $140,000 for 9,000 hours of direct labor, shown on the timesheets, was recorded as wages payable. Production supervisors and other indirect labor working in the nursery were owed $134,000, recorded as wages payable. 6. Wages owed totaling $180,000 were paid. (These wages were previously recorded correcty as wages payable.) 7. The costs listed in the following related to the nursery were incurred during the period. (Hint: Record these items in one entry with one debit to manufacturing overhead and four separate credits) Equipment depreciation $22,000 Rent (prepaid during 2016) $36,000 Utilities (on account) $33,000 Maintenance (paid cash) $19,000 Manufacturing overhead was applied at a rate of $30 per direct labor hour. (Hint: No need to calculate the predetermined overhead rate since it is already given to you here.) Miscellaneous selling costs totaling $63,000 were paid. These costs were recorded in an account called selling expenses 8. 9. 10. Miscellaneous general and administrative costs totaling $18,000 were paid. These costs wer 11. Goods costing $478,000 (per the job cost sheets) were completed and transferred out of 12 Goods were sold on account for $780,000. recorded in an account called G&A expenses. work-in-process inventory 13. The goods sold in transaction 12 had a cost of $415,000 (per the job cost sheets)

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