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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
Transcribed Image Text:CengageNOWv2 | Online teachin x +
genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A
A ★
F
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
13,280
31 Applied
(30% of direct labor cost)
X
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?
Oa. $306,760
Ob. $106,590
Oc. $501.460
Od. $77,460
8:16 A
5/2/202
LOM
OL
▬▬
JUB
M
&
7
U
8
CF10
P
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education