1

RAW MATERIALS WORK IN PROCESS

cost per batteries $ 80.00
beginning raw materials inventory
$0 beginning WIP $0
purchased batteries 8000.00 Remaining batteries withdrew 7500.00
batteries withdrew 7600.00 cost of goods manufactured $ 6,750.00
raw materials used in unit $ 400.00 Ending work in process 750.00
Total raw materials used $ 32,000.00 cost per batteries $ 80.00
Total work in process $ 60,000.00

FINISHED GOODS
Cost of goods manufactured $ 6,750.00
number of batteries (70%) 4725.00
Ending finished goods $ 2,025.00
cost per batteries $ 80.00 COST OF GOOD SOLD
Total Finshed Goods $ 162,000.00 number of batteries SOLD 4725.00
cost per batteries $ 80.00
SELLING EXPENSE Total COGS $ 378,000.00
Number of batteries used 100.00
cost per batteries $ 80.00
TOTAL SELLING EXPENSE $ 8,000.00

2
BALANCE SHEET Income Statement
1 Raw Materials 1 Selling expense
2 Finished Goods 2 Cost of Goods Sold
3 Work in Process