Arko,Inc,Manufactures Tables

Essay

Arko,Inc.,manufactures tables.During the month of March,20X9,Arko purchased 100 table tops of wood costing $3 per piece,400 table legs of wood costing $1 per leg,100 bottles of glue costing $2.50 per bottle,and 800 nails costing $.20 per nail.All raw materials were put into production during March,20X9,and production wages related to the production of tables amounted to $300.At the end of March,20X9,ending work in process inventory had 20 table tops of wood,80 table legs of wood,20 bottles of glue,and 160 nails.
Required:
What will be the inventory balances for Arko,Inc.,on March,31,20X9? Assume that the beginning balances on March 1,20X9,in the Raw Materials Inventory account was $400,the Work in Process Inventory account was $200,and the Finished Goods Inventory was $0.