Given the Following Inventory and Inventory-Related Accounts, Solve for the Unknown

question 11

Short Answer

Given the following inventory and inventory-related accounts, solve for the unknown amounts:
$\begin{array}{lll}&\text { Case A } & \text { Case B }\\\text { Beginning raw materials } & \$ 10 & \$ 30 \\\text { Raw materials purchases } & 100 & 70 \\\text { Ending raw materials } & 70 & 50 \\\text { Raw materials transfers } & \text { (a) } & \text { (f) } \\\text { Beginning work-in-process } & 50 & 40 \\\text { Direct labor } & 50 & \text { (g) } \\\text { Direct material } & \text { b) } & 10 \\\text { Manufacturing overhead } & 10 & 10 \\\text { Ending work-in-process } & 40 & 100 \\\text { Work-in-process transfers } & \text { (c) } & 20 \\\text { Beginning finished goods } & 10 & 100 \\\text { Transfers in } & \text { (d) } & 30 \\\text { Ending finished goods } & 100 & \text { (h) }\end{array}$

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Definitions:

Awake

The state of being conscious and aware of one's surroundings, as opposed to being asleep.

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, relatively inhibited sensory activity, reduced muscle activity, and inhibition of nearly all voluntary muscles during rapid eye movement (REM) sleep.

Consolidation

The process by which memories become stable in the brain; a process believed to involve the strengthening of the neural connections that form memories.

Memories

Stored information from past experiences that can be recalled.