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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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