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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
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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11. Selected accounts with some debits and credits omitted are presented as follows: Work in Process 7,000 Apr. 30 Goods finished 78,400 195,000 136,500 Apr. 1 Balance 30 Direct materials 30 Direct labor 15. 30 Factory overhead Finished Goods 42,000 Apr. 1 Balance 31 Goods finished 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
Transcribed Image Text:11. Selected accounts with some debits and credits omitted are presented as follows: Work in Process 7,000 Apr. 30 Goods finished 78,400 195,000 136,500 Apr. 1 Balance 30 Direct materials 30 Direct labor 15. 30 Factory overhead Finished Goods 42,000 Apr. 1 Balance 31 Goods finished 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
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