Assume that the following events occurred at a division of Generic Electric for March of the current year:

1. Purchased $80 million in direct materials.

2. Incurred direct labor costs of $51 million.

3. Determined that manufacturing overhead was $77 million.

4. Transferred 80 percent of the materials purchased to work-in-process.

5. Completed work on 80 percent of the work-in-process. Costs are assigned equally across all work-in-process.

6. The inventory accounts have no beginning balances. All costs incurred were debited to the appropriate account and credited to Accounts Payable.

Required:

Give the amounts for the following items in the Work-in-process account: (Do not round your intermediate calculations. Enter your final answers in millions rounded to 2 decimal places.)

Transfers-In Million

Transfers-Out Million

Ending Balance Million

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

Each row in a database is a set of unique information called a(n) table. record. object. field.

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