Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 20,000 Oct. 31 Finished Goods х 31 Direct materials 96,700 31 Direct labor 201,000 31 Factory overhead х Finished Goods Oct. 1 Balance 52,000 31 Goods finished 360,000 If the balance of Work in Process on October 31 is $21,000, what was the amount of factory overhead applied in October? a. $11,300 b. $21,300 C. $42,300 d. $63,300
Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 20,000 Oct. 31 Finished Goods х 31 Direct materials 96,700 31 Direct labor 201,000 31 Factory overhead х Finished Goods Oct. 1 Balance 52,000 31 Goods finished 360,000 If the balance of Work in Process on October 31 is $21,000, what was the amount of factory overhead applied in October? a. $11,300 b. $21,300 C. $42,300 d. $63,300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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10.
If the balance of Work in Process on October 31 is $21,000, what was the amount of factory overhead applied in October?
a.$11,300
b.$21,300
c.$42,300
d.$63,300
![Selected accounts with some amounts omitted are as follows
Work in Process
Oct.
1 Balance
20,000 Oct. 31
Finished Goods
х
31 Direct materials
96,700
31 Direct labor
201,000
31 Factory overhead
х
Finished Goods
Oct.
1 Balance
52,000
31 Goods finished
360,000
If the balance of Work in Process on October 31 is $21,000, what was the amount of factory overhead applied in October?
a. $11,300
b. $21,300
C. $42,300
d. $63,300](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F275fc6b5-68c4-44fa-b4bb-8a372892a923%2Fcc6071ac-ab89-4679-bd56-8082f6446e57%2Fqd67v7w.png&w=3840&q=75)
Transcribed Image Text:Selected accounts with some amounts omitted are as follows
Work in Process
Oct.
1 Balance
20,000 Oct. 31
Finished Goods
х
31 Direct materials
96,700
31 Direct labor
201,000
31 Factory overhead
х
Finished Goods
Oct.
1 Balance
52,000
31 Goods finished
360,000
If the balance of Work in Process on October 31 is $21,000, what was the amount of factory overhead applied in October?
a. $11,300
b. $21,300
C. $42,300
d. $63,300
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