Trundle Corporation Manufactures One Product

question 81

Essay

Trundle Corporation manufactures one product.The company uses a standard cost system in which inventories are recorded at their standard costs.There is no variable manufacturing overhead.The standard cost card for the company's only product is as follows:
During the year,the company completed the following transactions concerning raw materials:
a.Purchased 99,100 pounds of raw material at a price of $7.90 per pound.
b.Used 89,020 pounds of the raw material to produce 34,200 units of work in process.
Required:
Record the above transactions in the worksheet that appears below.Because of the width of the worksheet,it is in two parts.In your text,these two parts would be joined side-by-side to make one very wide worksheet.The beginning balances have been provided for each of the accounts,including the Property,Plant,and Equipment (net)account which is abbreviated as PP&E (net).

---

Definitions:

Miniature Version

A smaller representation or model of something, maintaining the same features and characteristics as the original.

Document

A written, drawn, presented, or recorded representation of thoughts, ideas, or information, designed to communicate and store knowledge.

Summary

A concise restatement of the main points of a text or speech, often used to provide a quick overview.

Augmented Reality

An enhanced version of reality created by the use of technology to overlay digital information on an image of something being viewed through a device.