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Question - Fireox Company's selected cost data for 2015 are shown below:
Cost of Goods Manufactured $145,200
Work-in-Process Inventory, Jan. 1, 2015 18,500
Work-in-Process Inventory, Dec. 31, 2015 20,500
Direct Materials Used 15,800
Required - What is the total of manufacturing costs incurred by Fireox Company in 2015?
The company operates on a five-day workweek, the prior week's gross pay. Journalize the adjusting entry to be made on December 31 for the accrued wages:
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