At the Beginning of the Year,Rupert Manufacturing Had the Following $\begin{array}{cc}\text { Work-in-Process Inventory}\\\hline\begin{array}{ll|l}&2,000& \\\end{array}\end{array}$

question 91

Essay

At the beginning of the year,Rupert Manufacturing had the following account balances:
$\begin{array}{cc}\text { Work-in-Process Inventory}\\\hline\begin{array}{ll|l}&2,000& \\\end{array}\end{array}$ $\begin{array}{cc}\text {Finished Goods lnventory }\\\hline\begin{array}{ll|l}&8,000& \\\end{array}\end{array}$ $\begin{array}{cc}\text { Manufacturing Overhead }\\\hline\begin{array}{ll|l}0& \\\end{array}\end{array}$ $\begin{array}{cc}\text { Cost of Goods Sold}\\\hline\begin{array}{ll|l}0& \\\end{array}\end{array}$ $\begin{array}{cc}\text {Sales Revenue }\\\hline\begin{array}{ll|l}& &0\\\end{array}\end{array}$ The following additional details are provided for the year:
$\begin{array}{ll}\text { Direct materials placed in production } & \$ 80,000 \\\text { Direct labor incurred } & 190,000 \\\text { Manufacturing overhead incurred } & 300,000 \\\text { Manufacturing overhead allocated to production } & 295,000 \\\text { Cost of jobs completed } & 500,000 \\\text { Jobs sold for total revenue of } & 750,000 \\\text { Cost of jobs sold } & 440,000\end{array}$ The remaining balance of Manufacturing Overhead was adjusted to zero.Calculate the ending balances in Work-in-Process Inventory,Finished Goods Inventory,Manufacturing Overhead (unadjusted),and Cost of Goods Sold (after adjustment.)

---

Definitions:

Population Increase

A rise in the number of individuals within a species or area over a specific period of time.

Environmental Resistance

The sum of environmental factors such as predators, disease, and competition that limit the growth, distribution, or size of populations.

Carrying Capacity

The maximum population size of a species that an environment can sustain indefinitely, given the food, habitat, water, and other resources available.

Population Size

The total number of individuals within a defined area at a specific time, vital for understanding species survival and ecosystem balance.