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The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Debit Credit Beginning Balance 4,700 8,400 4,900 Work in Process
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:
Raw Materials | |||
---|---|---|---|
Debit | Credit | ||
Beginning Balance | 4,700 | 8,400 | |
4,900 | |||
Work in Process | |||
---|---|---|---|
Debit | Credit | ||
Beginning Balance | 3,800 | 21,900 | |
5,900 | |||
8,200 | |||
8,000 | |||
Finished Goods | |||
---|---|---|---|
Debit | Credit | ||
Beginning Balance | 1,900 | 20,100 | |
21,900 | |||
Manufacturing Overhead | |||
---|---|---|---|
Debit | Credit | ||
2,500 | 8,000 | ||
3,200 | |||
2,900 | |||
Wages & Salaries Payable | |||
---|---|---|---|
Debit | Credit | ||
20,100 | Beginning Balance | 2,200 | |
11,400 | |||
Cost of Goods Sold | |||
---|---|---|---|
Debit | Credit | ||
20,100 | |||
The Cost of Goods Manufactured was:
Garrison 17e Rechecks 2020-08-17
Multiple Choice
-
$21,900
-
$42,000
-
$20,100
-
$8,100
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