The accounts of Delphinia Dreams, Inc. showed the following balances at the beginning of October: Account Debit: Raw Materials Inventory $30,000 Work in Process Inventory 44,000 Finished Goods Inventory 53,000 Manufacturing Overhead 22,000 During the month, direct materials amounting to $23,000 and indirect materials amounting to $4,000 were issued to production. What is the ending balance in the Work in process Inventory account following these two transactions? A. 67,000 B. 26,000 C. 9,000 D. 44,000

The accounts of Delphinia Dreams, Inc. showed the following balances at the beginning of October: Account Debit: Raw Materials Inventory $30,000 Work in Process Inventory 44,000 Finished Goods Inventory 53,000 Manufacturing Overhead 22,000 During the month, direct materials amounting to $23,000 and indirect materials amounting to $4,000 were issued to production. What is the ending balance in the Work in process Inventory account following these two transactions? A. 67,000 B. 26,000 C. 9,000 D. 44,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter5: Product And Service Costing: Job-order System

Section: Chapter Questions

Problem 15E: On August 1, Cairle Companys work-in-process inventory consisted of three jobs with the following...

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