Selected accounts with some amounts omitted are as follows:Work in Process250,640 Aug. 31X35,800Aug. 131BalanceDirect materials31 Direct labor31 Factory overheadAug. 1-31 Costs incurredFactory Overhead111,890 Aug. 1 Balance31 AppliedGoods finished(30% of direct labor cost)122,43014,360XIf the balance of Work in Process on August 31 is $199,880, what was the amount debited to Work in Process for direct materials in August?Oa. $363,890Ob. $25,130Oc. $86,560Od. $486,320

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

Selected accounts with some amounts omitted are as follows: Work in Process 250,640 Aug. 31 X 35,800 X Aug. 1 Balance 31 31 31 Factory overhead Direct materials Direct labor Aug. 1-31 Costs incurred Goods finished Factory Overhead 111,890 Aug. 1 Balance 31 Applied (30% of direct labor cost) 122,430 14,360 X If the balance of Work in Process on August 31 is $199,880, what was the amount debited to Work in Process for direct materials in August? Oa. $363,890 Ob. $25,130 Oc. $86,560 Od. $486,320

Selected accounts with some amounts omitted are as follows: Work in Process 250,640 Aug. 31 X 35,800 X Aug. 1 Balance 31 31 31 Factory overhead Direct materials Direct labor Aug. 1-31 Costs incurred Goods finished Factory Overhead 111,890 Aug. 1 Balance 31 Applied (30% of direct labor cost) 122,430 14,360 X If the balance of Work in Process on August 31 is $199,880, what was the amount debited to Work in Process for direct materials in August? Oa. $363,890 Ob. $25,130 Oc. $86,560 Od. $486,320

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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Similar questions

Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance 7,000 Apr. 30 Goods finished X 30 Direct materials 61,300 30 Direct labor 190,800 30 Factory overhead 57,240 Finished Goods Apr. 1 Balance 16,000 30 Goods finished 307,800 What was the balance of Work in Process as of April 30?
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Selected accounts with some amounts omitted are as follows: Work in Process Oct. 1 Balance 24,100 Oct. 31 Goods finished 31 Direct materials 90,700 31 Direct labor 160,500 31 Factory overhead Finished Goods Oct. 1 Balance 12,000 31 Goods finished 333,200 If the balance of Work in Process on October 31 is $199,000, what was the amount of factory overhead applied in October? Oa. $160,500 b. $256,900 Oc. $383,600 Od. $90,700
Selected accounts with some amounts omitted are as follows: Work in Process Date Transaction Debit amount Date Transaction Credit amount Aug. 1 Balance 279, 100 Aug. 31 Goods finished 190, 700 31 Direct materials X 31 Direct labor 47, 400 31 Factory overhead X Factory Overhead Date Transaction Debit amount Date Transaction Credit amount Aug. 1-31 Costs incurred 113,000 Aug. 1 Balance 12, 100 31 Applied X If the balance of Work in Process on August 31 is $196, 400, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs? a. $190, 700 b. $12, 100 c. $113, 000 d. $14, 220
Selected accounts with some amounts omitted are as follows: Work in Process Aug. 1 Balance 260,440 Aug. 31 Goods finished 164,150 31 Direct materials X 31 Direct labor 34,700 31 Factory overhead Factory Overhead Aug. 1-31 Costs incurred 97,500 Aug. 1 31 Balance Applied (30% of direct labor cost) 13,840 X If the balance of Work in Process on August 31 is $208,070, what was the amount debited to Work in Process for direct materials in August? a. $339,060 b. $87,070 c. $66,670 Od. $503,210
Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance 6,600 Apr. 30 Goods finished X 30 Direct materials 69,800 30 Direct labor 193,900 30 Factory overhead 58,170 Finished Goods Apr. 1 Balance 15,600 30 Goods finished 307,900 What was the balance of Work in Process as of April 30? a.$58,170 b.$15,600 c.$20,570 d.$307,900
How much is total cost of goods manufactured?
2. The company incurred factory overhead cost as follows: Indirect materials $ 28,300Indirect labor 52,300Factory Utilities cost 6,000Factory Depreciation 10,200Journalize the entry to record the actual factory overhead incurred during February.
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? a.$390,000 b.$525,000 c.$580,000 d.$170,000
Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 279,350 Aug. 31 Goods finished 171,180 31 Direct materials X 31 Direct labor 33,600 31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 115,090 Aug. 1 Balance 15,610 31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $206,820, what was the amount debited to Work in Process for direct materials in August? a. $54,970 b. $106,130 c. $519,770 d. $348,590