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Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 269,610 Aug. 31 Goods finished 176,760 31 Direct materials X 31 Direct labor 36,300 31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 109,360 Aug. 1 Balance 12,070 31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $199,160, what was the amount debited to Work in Process for direct materials in August? a.$59,120 b.$328,310 c.$505,070 d.$106,750

Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 269,610 Aug. 31 Goods finished 176,760 31 Direct materials X 31 Direct labor 36,300 31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 109,360 Aug. 1 Balance 12,070 31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $199,160, what was the amount debited to Work in Process for direct materials in August? a.$59,120 b.$328,310 c.$505,070 d.$106,750

FINANCIAL ACCOUNTING
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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    Selected accounts with amounts omitted are as follows

    Work in Process
    Aug.  1   Balance 269,610   Aug. 31 Goods finished 176,760
           31   Direct materials X       
           31   Direct labor  36,300       
           31   Factory overhead X       

    Factory Overhead
    Aug.  1 – 31 Costs incurred 109,360   Aug. 1 Balance 12,070
                 31 Applied  
             (30% of direct labor cost) X

    If the balance of Work in Process on August 31 is $199,160, what was the amount debited to Work in Process for direct materials in August?

    a.$59,120
    b.$328,310
    c.$505,070
    d.$106,750 
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