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Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 24,100    Oct. 31 Finished goods X       31 Direct materials 91,500               31 Direct labor 177,600               31 Factory overhead X         Finished Goods Oct. 1 Balance 12,700              31 Goods finished 350,900         If the balance of Work in Process on October 31 is $196,800, what was the amount of factory overhead applied in October? a.$91,500 b.$177,600 c.$254,500 d.$398,500

Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 24,100    Oct. 31 Finished goods X       31 Direct materials 91,500               31 Direct labor 177,600               31 Factory overhead X         Finished Goods Oct. 1 Balance 12,700              31 Goods finished 350,900         If the balance of Work in Process on October 31 is $196,800, what was the amount of factory overhead applied in October? a.$91,500 b.$177,600 c.$254,500 d.$398,500

FINANCIAL ACCOUNTING
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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Selected accounts with some amounts omitted are as follows

Work in Process
Oct. 1 Balance 24,100    Oct. 31 Finished goods X
      31 Direct materials 91,500        
      31 Direct labor 177,600        
      31 Factory overhead X        

Finished Goods
Oct. 1 Balance 12,700        
     31 Goods finished 350,900        

If the balance of Work in Process on October 31 is $196,800, what was the amount of factory overhead applied in October?

a.$91,500
b.$177,600
c.$254,500
d.$398,500 
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