Brazel’sFurniture Company recorded the following transactions during themonth of September. a. Purch

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Brazel’sFurniture Company recorded the following transactions during themonth of September.

a.

Purchased $8,000 of raw materials on account

b.

Moved $10,000 of materials into production

c.

Paid various overhead costs of $6,000

d.

Paid rent for the current month of $5,000

e.

Accrued direct labor cost of $6,000 that will be paid in thefollowing month

f.

Earned unearned revenue of $9,000 in the month. FGInventory value was $4,000

g.

Finished the manufacture of furniture in the month valued at$19,000

h.

Paid various period costs in the amount of $7,000

i.

Sold furniture for $30,000. 60% for cash, the remainder oncredit. Mfg cost: $14,000.

j.

Acquired $25,000 of machinery. $5,000 cash, the remainderfinanced by the bank.

Beginning balancesare as follows:

Cash$22,000A/P$ 8,000

A/R$ 2,000N/P$13,000

Dir.Mat.$ 5,000UnearnedRev.$ 9,000

WIP$ 3,000CommonStock$45,000

FG$ 5,000RetainedEarnings$40,000

PPE$78,000

Total$115,000Total$115,000

18. What is Brazel’s endingWIP balance?

ANSWER: ______________________

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