Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 20,000 Oct. 31 Finished Goods X 31 Direct materials 96,700 31 Direct labor 201,000 31 Factory overhead X 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.$63,300 b.$11,300 c.$42,300 d.$21,300
Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 20,000 Oct. 31 Finished Goods X 31 Direct materials 96,700 31 Direct labor 201,000 31 Factory overhead X 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.$63,300 b.$11,300 c.$42,300 d.$21,300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Selected accounts with some amounts omitted are as follows
| Work in Process | |||||
| Oct. 1 | Balance | 20,000 | Oct. 31 | Finished Goods | X |
| 31 | Direct materials | 96,700 | |||
| 31 | Direct labor | 201,000 | |||
| 31 | Factory |
X |
| 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.$63,300
b.$11,300
c.$42,300
d.$21,300
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