n June 1, Westbrook Productions had beginning balances as shown in the T−accounts below. Raw Materials Inventory 10,000 Work−in−Process Inventory 20,000 Finished Goods Inventory 25,000
n June 1, Westbrook Productions had beginning balances as shown in the T−accounts below. Raw Materials Inventory 10,000 Work−in−Process Inventory 20,000 Finished Goods Inventory 25,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
On June 1, Westbrook Productions had beginning balances as shown in the
T−accounts
below.|
Raw Materials Inventory
|
|
|
10,000
|
|
|
Work−in−Process
Inventory |
|
|
20,000
|
|
|
Finished Goods Inventory
|
|
|
25,000
|
|
|
Manufacturing
|
|
|
41,000
|
|
During June, the following transactions took place:
June 2: Issued $3,000 of direct materials and $800 of indirect materials to production.
June 13: Incurred $6,700 of direct factory labor cost and $14,800 of indirect factory labor cost.
What was the balance in the Manufacturing Overhead account following these transactions?
$56,600
$55,800
$41,800
$58,800
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