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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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