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Balt Company maintains a standard cost system. Last period, Balt spent $25,000 during the period to purchase 3,000 pounds of material H. The company used
Balt Company maintains a standard cost system. Last period, Balt spent $25,000 during the period to purchase 3,000 pounds of material H. The company used 5,000 pounds of Material H to produce 800 units of Product C8. The company has established a standard of 7 pounds of Material H per unit of C8, at a price of $7.50 per pound of material.
1.The debit to direct materials control account is
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$37,500
$22,500
$41,667
$25,000
2.The debit to work-in-process control account is
Group of answer choices
45,000
$37,500
$56,000
$42,000
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