Question
Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 271,630 Aug. 31 Goods finished 167,660 31 Direct materials X 31
-
Selected accounts with amounts omitted are as follows
Work in Process Aug. 1 Balance 271,630 Aug. 31 Goods finished 167,660 31 Direct materials X 31 Direct labor 35,600 31 Factory overhead X
Factory Overhead Aug. 1 31 Costs incurred 95,980 Aug. 1 Balance 15,180 31 Applied (30% of direct labor cost) X
If the balance of Work in Process on August 31 is $219,140, what was the amount debited to Work in Process for direct materials in August?
a.$526,370
b.$88,090
c.$358,710
d.$68,890
Selected accounts with amounts omitted are as follows
| Work in Process | |||||
| Aug. 1 | Balance | 271,630 | Aug. 31 | Goods finished | 167,660 |
| 31 | Direct materials | X | |||
| 31 | Direct labor | 35,600 | |||
| 31 | Factory overhead | X | |||
| Factory Overhead | |||||
| Aug. 1 31 | Costs incurred | 95,980 | Aug. 1 | Balance | 15,180 |
| 31 | Applied | ||||
| (30% of direct labor cost) | X | ||||
If the balance of Work in Process on August 31 is $219,140, what was the amount debited to Work in Process for direct materials in August?
a.$526,370
b.$88,090
c.$358,710
d.$68,890
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
978-0077398194
