Question
Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Bal. 1/117,000Credits?Debits124,000Bal. 12/3127,000 Manufacturing Overhead Debits229,800Credits? Work in Process Bal.
Selected T-accounts of Moore Company are given below for the just completed year:
Raw MaterialsBal. 1/117,000Credits?Debits124,000Bal. 12/3127,000Manufacturing OverheadDebits229,800Credits?Work in ProcessBal. 1/122,000Credits476,000Direct materials92,000Direct labor156,000Overhead241,800Bal. 12/31?Factory Wages PayableDebits189,000Bal. 1/110,000Credits184,000Bal. 12/315,000Finished GoodsBal. 1/142,000Credits?Debits?Bal. 12/3163,000Cost of Goods SoldDebits?
Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $8,500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost?
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Fraud Data Analytics Methodology
Authors: Leonard W Vona
1st Edition
111918679X, 9781119186793
