The accounts of Wade manufacturing showed the following balances at the beginning of December. Accounts: Debit: Raw

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The accounts of Wade manufacturing showed the following balances at the beginning of December.

Accounts: Debit:

Raw Material Inventory $59,000

Work in process inventory $75,000

Finished Goods Inventory $30,000

Manufacturing Overhead $24,000

The following transaction took place during the month:

December 2: Issued direct Materials $39,000 and indirect materials is $6000 to production.

December 15: Incurred $5000 and $4000 toward factory's direct labor cost and indirect labor cost, respectively

What should be the balance in the work in process inventory following these transactions?

a. $119,000

b. $80,000

c. $69,000

d. $79,000

Related Book For answer-question

Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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Posted Date: May 31, 2024 01:29 AM

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The accounts of Wade manufacturing showed the following balances at the beginning of December. Accounts: Debit: Raw

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Cost Accounting

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