Selected accounts with amounts omitted are as follows: Work in Process Aug.   1   Balance 275,000   Aug. 31  Goods finished 1,030,000          31   Direct materials X                 31   Direct labor  450,000                 31   Factory overhead X        ​ ​ Factory Overhead Aug. 1–31  Costs incurred 145,000 Aug.  1  Balance 15,000     ​        31  Applied       ​      (30% of direct              labor cost)  X ​ If the balance of Work in Process on August 31 is $220,000, what was the amount debited to Work in Process for direct materials in August? Group of answer choices $390,000 $170,000 $580,000 $525,000

Q: April 30 May 31 Inventories Raw materials Work in process Finished goods Activities and information…

A: The cost of goods sold includes the cost of goods that are sold during the period.

Q: Acme Company reported the following data for the month of July: Inventories Ending Raw materials…

A: An under applied or over applied manufacturing overhead means that the overhead amount applied in…

Q: Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income…

A: The cost of goods sold is calculated as the difference between the cost of goods available for sale…

Q: 300 31 Factory overhead X

A: The manufacturing overhead rate is the standard amount of factory overhead cost attributed to each…

Q: Selected accounts with amounts omitted are as follows Work in Process Aug.  1   Balance 254,090…

A: Work in process in an inventory that is being processed in the production process of the company.

Q: Selected accounts with amounts omitted are as follows: Work in Process 263,340 Aug. 31 Aug. 1 31 31…

A: The work in process account records the direct costs incurred and overhead applied to the…

Q: Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance…

A: Balance of work in progress as on 30 April is calculated as: Opening balance + direct material+…

Q: Selected accounts with some amounts omitted are as follows: Work in Process Aug.  1   Balance…

A: The objective of the question is to find the amount debited to Work in Process for direct materials…

Q: Entries for Costs in a Job Order Cost System Velasco Co. uses a job order cost system. The following…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: Selected accounts with some amounts omitted are as follows: Work in Process Oct. 1 Balance…

A: The objective of the question is to find the amount of factory overhead applied in October. This can…

Q: The following information is available for Ethtridge Manufacturing Company for the month ending July…

A: Cost of goods manufactured = Beginning Work in process inventory + Total manufacturing costs…

Q: elected accounts with amounts omitted are as follows Work in Process Aug.    1   Balance 275,000…

A: Factory Overhead A/C Date Items Amount($) Date Items Amount($)…

Q: Selected accounts with some amounts omitted are as follows Work in Process Aug.  1   Balance…

A: Overhead cost: The costs other than the direct costs such as insurance, interest, repairs, taxes…

Q: At the beginning of the year, Barrington Manufacturing had the following account balances:…

A: These are the accounting transactions that are having a monetary impact on the financial statement…

Q: Selected accounts with some amounts omitted are as follows Work in Process

A: The total cost of production of a good comprises of the total fixed cost of production and the total…

Q: Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone…

A: The objective of the question is to prepare a cost of goods manufactured statement for Johnstone…

Q: Selected accounts with amounts omitted are as follows Work in Process Aug.  1   Balance 268,080…

A: Overhead applied =37100 x 30%=$11130 Total manufacturing cost =$195330 +$ 215360 -$268080=$142610

Q: Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit,…

A: Journal entries are used to record accounting transaction in books under double entry accounting…

Q: Selected accounts with some amounts omitted are as follows Work in Process Aug.  1   Balance…

A: In this case, we have to Prepare the works-in-progress Account and factory overhead is 30% of direct…

Q: Using the information below for Singing Dolls, Inc., determine the total manufacturing costs…

A: Given the following information: Work in Process, January 1: $50,600 Work in Process, December 31:…

Q: Selected accounts with amounts omitted are as follows Work in Process Aug.  1   Balance 277,180…

A: Overhead applied = Direct labor*30% Overhead applied = $34,600*30% Overhead applied = $10,380

Q: Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 263,980 Aug.…

A: The correct answer is Option (d).

Q: Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance 7,100…

A: This question requires us to calculate the Closing Balance of the Work in Process Account as of…

Q: elected accounts with some amounts omitted are as follows: Work in Process 254,200 Aug. 31 ug. 1 31…

A: Factory Overhead -The expenses of operating a business that aren'tisn't directly related to a…

Q: Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit,…

A: Journal entry: Entry is made to record a transaction.   1. Assets and expense account have debit…

Q: Selected accounts with amounts omitted are as follows: Work in Process 266,230 Aug. 31 Aug. 1 31 31…

A: Work in process is the total cost of those goods that remain unfinished at the end of the period. It…

Q: The cost of goods manufactured for May is:

A: Cost of goods manufactured is the cost of the goods in all which has been manufactured by the…

Q: At the beginning of the year, Barrington Manufacturing had the following account balances:…

A: Cost accounting is one of the useful branch of accounting. Under this, different type of costs are…

Q: Prepare a journal entry for each transaction. If an amount box does not require an entry, leave it…

A: Journal entry: A journal entry is used to record day-to-day transactions of the business by debiting…

Q: Determine the amount of overhead applied

A: Overhead allocation means assigning overhead costs to units of products or jobs. Some firms employ…

Q: Selected accounts with some amounts omitted are as follows: Work in Process Aug.  1   Balance…

A: Factory overhead is the secondary costs spent throughout the manufacturing process that cannot be…

Q: The following account appears in the ledger prior to recognizing the jobs completed in August:…

A: Cost of unfinished job = Total cost - Job finished

Q: 43,900 Factory Overhead 106,500 Aug. 1 Balance 13,600 31 Applied cess on August 31 is $200,100, what…

A: Direct Labor: Direct Labor is directly connected to the production and not the administration or…

Q: Selected accounts with amounts omitted are as follows Work in Process Aug.  1   Balance 266,720…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: Selected accounts with some amounts omitted are as follows: Work in Process 250,640 Aug. 31 X 35,800…

A: Goods finished = Beginning WIP + Total manufacturing costs - Ending WIP Total manufacturing costs =…

Q: Before the completed production for June is recorded, the work in process inventory account for…

A: Total cost of jobs completed=Job 107 + Job 108 + Job 109=$126,000+$265,500+$112,500=$504,000

Q: Selected accounts with a credit amount omitted are as follows Work in Process Apr.   1   Balance…

A: Formula: Ending work in process = Beginning work in process + Direct materials + Direct labor +…

Q: Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 24,100…

A: Let's understand some basics Factory overhead is the costs incurred during the manufacturing…

Q: Sterling's records show the work in process inventory had a beginning balance of $3,000 and an…

A: Cost of goods manufactured = direct material cost + Direct labour costs + Overhead applied +…

Q: GrandSlam Incorporated incurred the following costs during March: Selling expenses Direct labor…

A: Summary of Answers:a. COGM $940,800 ; Average Cost per Unit $49b. COGS $543,900c. Difference of…

Q: he records of Tuscon Corporation revealed the following data for the current year. Work in Process…

A: Solution: Proportion of variance Overhead Proportion Work in Process Inventory 73150 22.73%…

Q: Leafon Corporation has two production departments, Casting and Customizing. The company uses a…

A: Overhead applied equals the predetermined overhead rate multiplied by actual activity

Q: During the month of June, Telecom Inc. had cost of goods manufactured of $142,000, direct materials…

A: COST OF GOODS MANUFACTURED : = TOTAL MANUFACTURING COST (DIRECT MATERIAL + DIRECT LABOR + OVERHEAD…

Q: d. Applied overhead to Jobs 136, 138, and 139. e. Transferred Jobs 136, 138, and 139 to Finished…

A: The total cost is calculated as sum of materials, labor, and applied overhead cost.

Q: 1. Cost of raw materials         $132,000 2. Indirect materials         $31,000 3. Indirect…

A: The overhead is applied to the production on the basis of predetermined overhead rate.