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The accounts of Red Deer Sock corporation, showed the following balances at the beginning of December Account Raw Materials Inventory Work-in-Process Inventory Finished Goods Inventory Manufacturing Overhead During the month, direct materials amounting to $21,000 and indirect materials amounting to $6000 were issued to production. V ending balance in the Work-in-Process Inventory account following these two transactions? O $44,000 O $10,000 O $65,000 Debit $31,000 44,000 54,000 20,000 O $26,000

The accounts of Red Deer Sock corporation, showed the following balances at the beginning of December Account Raw Materials Inventory Work-in-Process Inventory Finished Goods Inventory Manufacturing Overhead During the month, direct materials amounting to $21,000 and indirect materials amounting to $6000 were issued to production. V ending balance in the Work-in-Process Inventory account following these two transactions? O $44,000 O $10,000 O $65,000 Debit $31,000 44,000 54,000 20,000 O $26,000

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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The accounts of Red Deer Sock corporation, showed the following balances at the beginning of December: Account Raw Materials Inventory Work-in-Process Inventory Finished Goods Inventory Manufacturing Overhead During the month, direct materials amounting to $21,000 and indirect materials amounting to $6000 were issued to production. Wh ending balance in the Work-in-Process Inventory account following these two transactions? O $44,000 O $10,000 O $65,000 Debit $31,000 44,000 54,000 20,000 $26,000
Transcribed Image Text:The accounts of Red Deer Sock corporation, showed the following balances at the beginning of December: Account Raw Materials Inventory Work-in-Process Inventory Finished Goods Inventory Manufacturing Overhead During the month, direct materials amounting to $21,000 and indirect materials amounting to $6000 were issued to production. Wh ending balance in the Work-in-Process Inventory account following these two transactions? O $44,000 O $10,000 O $65,000 Debit $31,000 44,000 54,000 20,000 $26,000
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