The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. Work in Process Inventory Debit ($) Credit ($) Beginning balance $5,600 Direct materials $48,200 Direct labor $30,700 ? Finished goods Applied overhead $16,900 $11,100 Ending balance The cost of units transferred to finished goods is: a. $101,400 b. $99,600 c. $112,500 d. $95,800 e. $90,300
The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. Work in Process Inventory Debit ($) Credit ($) Beginning balance $5,600 Direct materials $48,200 Direct labor $30,700 ? Finished goods Applied overhead $16,900 $11,100 Ending balance The cost of units transferred to finished goods is: a. $101,400 b. $99,600 c. $112,500 d. $95,800 e. $90,300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The Work in Process Inventory account for DG Manufacturing
follows. Compute the cost of jobs completed and transferred to
Finished Goods Inventory.
Work in Process Inventory
Debit ($) Credit ($)
Beginning balance $5,600
Direct materials $48,200
Direct labor
$30,700 ?
Finished goods
Applied overhead
$16,900
$11,100
Ending balance
The cost of units transferred to finished goods is:
a. $101,400
b. $99,600
c. $112,500
d. $95,800
e. $90,300
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