Selected accounts with amounts omitted are as followsWork in ProcessAug. 1Balance256,170 Aug. 31Goods finished186,16031Direct materials31Direct labor36,80031Factory ovenrheadFactory OverheadAug. 1- 31 Costs incurred118,890 Aug. 1 Balance13,96031 Applied(30% of direct labor cost)If the balance of Work in Process on August 31 is $212,300, what was the amount debited toWork in Process for direct materials in August?Oa. $94,450Ob. $319,110Oc. $80,670Od. $505,270

Name: Selected accounts with amounts omitted are as followsWork in ProcessA
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Description: Selected accounts with amounts omitted are as followsWork in ProcessAug. 1Balance256,170 Aug. 31Goods finished186,16031Direct materials31Direct labor36,80031Factory ovenrheadFactory OverheadAug. 1- 31 Costs incurred118,890 Aug. 1 Balance13,96031 App

Answered: If the balance of Work in Process on…

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If the balance of Work in Process on August 31 is $212,300, what was the amount debited to Work in Process for direct materials in August? Oa. $94,450 Ob. $319,110 Od $80,670 Od. $505,270

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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