Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 266,720 Aug. 31 Goods finished 135,920 31 Direct materials X 31 Direct labor 35,900 31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 113,500 Aug. 1 Balance 12,290 31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $219,290, what was the amount debited to Work in Process for direct materials in August? a.$385,990 b.$521,910 c.$83,330 d.$41,820 The journal entry to record the purchase of $39,313 of raw materials is a. Materials$39,313 Accounts Receivable$39,313 b. Inventory$39,313 Cash$39,313 c. Inventory$39,313 Accounts Receivable$39,313 d. Materials$39,313 Accounts Payable$39,313 All of the following could be considered a direct material except a.fabric b.glue c.steel d.lumber
Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 266,720 Aug. 31 Goods finished 135,920 31 Direct materials X 31 Direct labor 35,900 31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 113,500 Aug. 1 Balance 12,290 31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $219,290, what was the amount debited to Work in Process for direct materials in August? a.$385,990 b.$521,910 c.$83,330 d.$41,820 The journal entry to record the purchase of $39,313 of raw materials is a. Materials$39,313 Accounts Receivable$39,313 b. Inventory$39,313 Cash$39,313 c. Inventory$39,313 Accounts Receivable$39,313 d. Materials$39,313 Accounts Payable$39,313 All of the following could be considered a direct material except a.fabric b.glue c.steel d.lumber
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Selected accounts with amounts omitted are as follows
| Work in Process | |||||
| Aug. 1 | Balance | 266,720 | Aug. 31 | Goods finished | 135,920 |
| 31 | Direct materials | X | |||
| 31 | Direct labor | 35,900 | |||
| 31 | Factory |
X |
| Factory Overhead | |||||
| Aug. 1 – 31 | Costs incurred | 113,500 | Aug. 1 | Balance | 12,290 |
| 31 | Applied | ||||
| (30% of direct labor cost) | X |
If the balance of Work in Process on August 31 is $219,290, what was the amount debited to Work in Process for direct materials in August?
a.$385,990
b.$521,910
c.$83,330
d.$41,820
The
a.
Accounts Receivable $39,313
Materials$39,313
b.
Inventory$39,313
Cash$39,313
c.
Inventory$39,313
Accounts Receivable$39,313
d.
Materials$39,313
Accounts Payable$39,313
All of the following could be considered a direct material except
a.fabric
b.glue
c.steel
d.lumber
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