Multiple choice 11. Selected accounts with some debits and credits omitted are presented asfollows:Work in Process7,000 Apr. 30 Goods finished78,400195,000136,500Apr. 1 Balance30 Direct materials30 Direct labor15.30 Factory overheadFinished Goods42,000Apr. 1 Balance31 Goods finished387,000What was the balance of Work in Process as of April 30?a. P8,100b. P35,000C. P29,900d. P22,900

Working: Amount (P) Opening balance 7,000 Add: Direct material…

11. Selected accounts with some debits and credits omitted are presented as follows: Work in Process 7,000 Apr. 30 Goods finished 78,400 195,000 Apr. 1 Balance 30 Direct materials 30 Direct labor 30 Factory overhead 136,500 Finished Goods Apr. 1 Balance 31 Goods finished 42,000 387,000 What was the balance of Work in Process as of April 30? a. P8,100 b. P35,000 C. P29,900 d. P22,900

11. Selected accounts with some debits and credits omitted are presented as follows: Work in Process 7,000 Apr. 30 Goods finished 78,400 195,000 Apr. 1 Balance 30 Direct materials 30 Direct labor 30 Factory overhead 136,500 Finished Goods Apr. 1 Balance 31 Goods finished 42,000 387,000 What was the balance of Work in Process as of April 30? a. P8,100 b. P35,000 C. P29,900 d. P22,900

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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