The "flow" of manufacturing costs through the ledger of Able Mfg. Co. during April is summarized in the following T accounts. Certain amounts have been omitted and are represented by question marks. The total manufacturing costs charge to production during April were: Material Inventory Work in Process Debit Credit Debit Credit Beg Bal 32000 Beg Bal 3,000 35000 33000? 72,000 End Bal? End Bal 5,000 Direct Labor Finished Goods Debit Credit Debit Credit Beg Bal 0 Beg Bal 47,000 13,000? 72,000 ? End Bal 1,000 End Bal 39,000 Manufact OH COGS Debit Credit Debit Credit 27,000 27,000? Group of answer choices $74,000 $72,000 $76, 000 Some other amount
The "flow" of manufacturing costs through the ledger of Able Mfg. Co. during April is summarized in the following T accounts. Certain amounts have been omitted and are represented by question marks. The total manufacturing costs charge to production during April were: Material Inventory Work in Process Debit Credit Debit Credit Beg Bal 32000 Beg Bal 3,000 35000 33000? 72,000 End Bal? End Bal 5,000 Direct Labor Finished Goods Debit Credit Debit Credit Beg Bal 0 Beg Bal 47,000 13,000? 72,000 ? End Bal 1,000 End Bal 39,000 Manufact OH COGS Debit Credit Debit Credit 27,000 27,000? Group of answer choices $74,000 $72,000 $76, 000 Some other amount
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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