CengageNOWv2 | Online teachi X + genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress... A @ Selected accounts with some amounts omitted are as follows: Work in Process Aug. 1 Balance 253,960 Aug. 31 Goods finished 194,700 31 Direct materials X 31 Direct labor 35,500 X 31 Factory overhead Factory Overhead Aug. 1-31 Costs incurred 100,050 Aug. 1 Balance 31 Applied 13,280 X (30% of direct labor cost) If the balance of Work in Process on August 31 is $212,000, what was the amount debited to Work in Process for direct materials in August? a. $306.760 Ob. $106,590 Oc. $501.460 Od. $77,460 8:16 d) D 5/2/2 C OL Z 6 i I' 7 G 8 D CH 9 O O

CengageNOWv2 | Online teachi X + genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress... A @ Selected accounts with some amounts omitted are as follows: Work in Process Aug. 1 Balance 253,960 Aug. 31 Goods finished 194,700 31 Direct materials X 31 Direct labor 35,500 X 31 Factory overhead Factory Overhead Aug. 1-31 Costs incurred 100,050 Aug. 1 Balance 31 Applied 13,280 X (30% of direct labor cost) If the balance of Work in Process on August 31 is $212,000, what was the amount debited to Work in Process for direct materials in August? a. $306.760 Ob. $106,590 Oc. $501.460 Od. $77,460 8:16 d) D 5/2/2 C OL Z 6 i I' 7 G 8 D CH 9 O O

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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ageNOWv2 | Online teachin X + m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A € When Job 117 was completed, direct materials totaled $9,518; direct labor, $14,467; and factory overhead, $14,085. A total of 2,115 units were produced at a per-unit cost of Oa. $38,070 Ob. $2,115 Oc. $18 Od. $23.985 8:2 O J i I' C 5/2
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AniMixPlay - Watch... MechMap E Indian River State C. PK Your Shopping Cart. K MAXKEY - Famous... O ne Whipped Cream Department of the John Kinky Toy Factory has the information below available for the r Jork in process inventory, March 1 17,000 faterials, March 1 6,000 urchase of materials 85,000 Cost of materials available for use Less Materials, March 31 7,000 Cost of materials placed in production Direct Labor 25,000 Factory Overhead: Indirect Labor 15,000 Indirect Materials Other factory supplies & utilities costs 9.000 Total Factory Overhead 34,000 Total manufacturing costs added Total Manufacturing costs Less: Work in Process inventory, March 31 18,500 Cost of good Manufactured Sales 235,000 Finished goods inventory, March 1 21,000 Cost of goods manufactured From Above Cost of finished goods available for sale onorlock Browser Guard"M Ir app.ho
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Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Garcon Pepper Company Company Beginning finished goods inventory $ 13,400 $ 19,300 Beginning work in process inventory 17,800 23,700 Beginning raw materials inventory (direct materials) 11,300 10,950 Rental cost on factory equipment Direct labor 32,000 24,100 23,600 37,400 Ending finished goods inventory 20,000 17,000 Ending work in process inventory 25,000 19,000 7,600 9,800 Ending raw materials inventory Factory utilities 13,950 17,500 Factory supplies used (indirect materials) 8,500 5,100 General and administrative expenses 21,500 45,000 Indirect labor 2,000 9,580 7,580 2,200 Repairs-Factory equipment Raw materials purchases Selling expenses 36,000 58,000 58,000 58,900 Sales 223,530 310,010 Cash 25,000 18,700 Factory equipment, net 222,500 121,825 Accounts receivable, net 14,600 21,950 Required: 1. Complete the table to find…