Wonder Wares has the following transactions related to its production for the month of May: There were zero beginning balances in all of the Inventory accounts at May 1. Determine the balances in Raw Materials Inventory, Work-In-Process Inventory, Finished Goods Inventory and Cost of Goods Sold at the end of May. (Hint: Use T-accounts)

Question

Wonder Wares has the following transactions related to its production for the month of May:  There were zero beginning balances in all of the Inventory accounts at May 1. Determine the balances in Raw Materials Inventory, Work-In-Process Inventory, Finished Goods Inventory and Cost of Goods Sold at the end of May. (Hint: Use T-accounts)

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The Answer of Wonder Wares has the following transactions related to its production for the month of May:  There were zero beginning balances in all of the Inventory accounts at May 1. Determine the balances in Raw Materials Inventory, Work-In-Process Inventory, Finished Goods Inventory and Cost of Goods Sold at the end of May. (Hint: Use T-accounts)

Wonder Wares Has the Following Transactions Related to Its Production