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Work in Process 20,000 Oct. 31 Goods finished 96,700 201,000 Oct. 1 Balance 31 Direct materials 31 Direct labor 31 Factory overhead Finished Goods Oct. 1 Balance 52,000 31 Goods finished 360,000

Work in Process 20,000 Oct. 31 Goods finished 96,700 201,000 Oct. 1 Balance 31 Direct materials 31 Direct labor 31 Factory overhead Finished Goods Oct. 1 Balance 52,000 31 Goods finished 360,000

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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If the balance of Work in Process at October 31 is P21,000, what was the FUNDAMENTALS OF ACCOUNTING | CHA amount of factory overhead applied in October? a. P63,300 b. P21,300 c. P42,300 d. P11,300 C. 14. A
Transcribed Image Text:If the balance of Work in Process at October 31 is P21,000, what was the FUNDAMENTALS OF ACCOUNTING | CHA amount of factory overhead applied in October? a. P63,300 b. P21,300 c. P42,300 d. P11,300 C. 14. A
10. Selected accounts with some debits and credits omitted are presented as follows: facturing conclude Work in Process Oct. 1 Balance 20,000 Oct. 31 Goods finished 96,700 201,000 31 Direct materials 31 Direct labor 31 Factory overhead applied by al entry to Finished Goods Oct. 1 Balance 52,000 360,000 31 Goods finished
Transcribed Image Text:10. Selected accounts with some debits and credits omitted are presented as follows: facturing conclude Work in Process Oct. 1 Balance 20,000 Oct. 31 Goods finished 96,700 201,000 31 Direct materials 31 Direct labor 31 Factory overhead applied by al entry to Finished Goods Oct. 1 Balance 52,000 360,000 31 Goods finished
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