Here is selected data for Betty Boo Corporation: Cost of raw material purchased $77,900 Cost of requisitioned direct materials $43,600 Cost of requisitioned indirect materials $3900 Direct labor $80,100 Manufacturing overhead incurred $100,400 Cost of goods completed $233,900 Cost of goods sold $142,500 Beginning raw materials inventory $17,400 Beginning work in process inventory $32,500 Beginning finished goods inventory $35,200 Manufacturing overhead allocation rate (based on direct labor) 130% The journal entry to transfer completed goods to the finished goods inventory account would include a Question 38 options: debit to Finished Goods Inventory account for $238,100. debit to Finished Goods account for $233,900. debit to Work-in-Process Inventory account for $233,900. credit to Work-in-Process Inventory account for $238,100.
Here is selected data for Betty Boo Corporation: Cost of raw material purchased $77,900 Cost of requisitioned direct materials $43,600 Cost of requisitioned indirect materials $3900 Direct labor $80,100 Manufacturing overhead incurred $100,400 Cost of goods completed $233,900 Cost of goods sold $142,500 Beginning raw materials inventory $17,400 Beginning work in process inventory $32,500 Beginning finished goods inventory $35,200 Manufacturing overhead allocation rate (based on direct labor) 130% The journal entry to transfer completed goods to the finished goods inventory account would include a Question 38 options: debit to Finished Goods Inventory account for $238,100. debit to Finished Goods account for $233,900. debit to Work-in-Process Inventory account for $233,900. credit to Work-in-Process Inventory account for $238,100.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 5BE: The cost of direct materials transferred into the Rolling Department of Kraus Company is 3,000,000....
Related questions
Question
Here is selected data for Betty Boo Corporation:
Thejournal entry to transfer completed goods to the finished goods inventory account would include a
Cost of raw material purchased | $77,900 |
Cost of requisitioned direct materials | $43,600 |
Cost of requisitioned indirect materials | $3900 |
Direct labor | $80,100 |
Manufacturing |
$100,400 |
Cost of goods completed | $233,900 |
Cost of goods sold | $142,500 |
Beginning raw materials inventory | $17,400 |
Beginning work in process inventory | $32,500 |
Beginning finished goods inventory | $35,200 |
Manufacturing overhead allocation rate (based on direct labor) | 130% |
The
Question 38 options:
|
debit to Finished Goods Inventory account for $238,100.
|
|
debit to Finished Goods account for $233,900.
|
|
debit to Work-in-Process Inventory account for $233,900.
|
|
credit to Work-in-Process Inventory account for $238,100.
|
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