Discuss the accounts of yellow knife manufacturing company

Reference no: EM132448579

At May 31, 2005, the accounts of Yellow Knife Manufacturing Company show the following.

1. May 1 inventories-finished goods $12,600, work in process $14,700, and raw materials $8,200.
2. May 31 inventories-finished goods $11,500, work in process $17,900, and raw materials $7,100.
3. Debit postings to work in process were: direct materials $62,400, direct labor $32,000, and manufacturing overhead applied $48,000.
4. Sales totaled $200,000.

Reference no: EM132448579

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