2 3 4 UM= A 1 Problem 4 B C D E F Selected accounts with some amounts omitted (x) are as follows: Work-in-Process 5 Aug.1 Balance 325,000 Aug. 31 Finished goods 1,120,000 6 Aug. 31 Direct materials X 7 Aug. 31 Direct labor 390,000 8 Aug. 31 Factory overhea x 9 10 Factory overhead 11 Aug.1 31 Costs incurred 160,000 Aug. 1 Balance 20,000 12 Aug. 31 Applied X 13 14 The balance of Work in Process on August 31 is: $290,000 15 16 Required: 17 A. What was the amount debited to Work in Process for factory overhead in A 18 assuming a factory overhead rate of 30% of direct labor costs? 19 20 Applied factory overhead: 21 22 23 24 B. What was the amount debited to Work in Process for direct materials in Au BWIP+DM+ DL + FOH - EWIP = COGM (i.e., cost transferred to finished g 25 26 DM= 27 28 29 30 31 32 33