Chapter 8, Problem 41DQ

Solve this Accounting Problem

At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Acme Corporation of $7,500 and Beacon Enterprises of $9,200. During the month, credit sales were made to Acme for $8,400, Beacon for $6,300, and Coastal Industries for $10,500. Cash was collected on account from Beacon for $13,700 and Coastal for $4,200. At the end of the month, the control account Accounts Receivable in the general ledger should have a balance of: A. $19,800 B. $15,300 C. $24,000 D. $12,500

Dodge Industries has the following data: direct labor $185,000, direct materials used $210,000, total manufacturing overhead $195,000, and beginning work in process $45,000. Compute total manufacturing costs and total cost of work in process.