As the staff accountant at Diablo Manufacturing, you have been asked to prepare the journal entries associated with a recently completed custom order (#720). You have the following information from which to prepare the journal entries:

What would be the account and amount of the debit in the journal entry to record Cost of Goods Manufactured for order #720?

a. Work-in-process inventory, $3,050

c. Work-in-process inventory, $3,300

b. Finished goods inventory, $3,050

d. Finished goods inventory, $3,300

Transcribed Image Text:

Materials purchased... Direct materials used for #720 Indirect labor used for #720 Direct labor incurred for #720. Overhead applied to #720 $1,500 1,200 250 850 1,000