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TB MC Qu. 3-162 (Algo) The following partially completed T-accounts... The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials
TB MC Qu. 3-162 (Algo) The following partially completed T-accounts...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:
Raw Materials | |||
---|---|---|---|
Debit | Credit | ||
Beginning Balance | 4,600 | 8,200 | |
4,800 | |||
Work in Process | |||
---|---|---|---|
Debit | Credit | ||
Beginning Balance | 3,700 | 21,800 | |
5,800 | |||
8,100 | |||
7,900 | |||
Finished Goods | |||
---|---|---|---|
Debit | Credit | ||
Beginning Balance | 1,800 | 20,000 | |
21,800 | |||
Manufacturing Overhead | |||
---|---|---|---|
Debit | Credit | ||
2,400 | 7,900 | ||
3,100 | |||
2,800 | |||
Wages & Salaries Payable | |||
---|---|---|---|
Debit | Credit | ||
20,000 | Beginning Balance | 2,100 | |
11,200 | |||
Cost of Goods Sold | |||
---|---|---|---|
Debit | Credit | ||
20,000 | |||
The Cost of Goods Manufactured was:
Multiple Choice
$20,000
$21,800
$41,800
$7,900
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