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The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Debit Credit Beginning Balance 4,750 8,500 4,950 Work in Process

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:

Raw Materials
Debit Credit
Beginning Balance 4,750 8,500
4,950

Work in Process
Debit Credit
Beginning Balance 3,850 21,950
5,950
8,250
8,050

Finished Goods
Debit Credit
Beginning Balance 1,950 20,150
21,950

Manufacturing Overhead
Debit Credit
2,550 8,050
3,250
2,950

Wages & Salaries Payable
Debit Credit
20,150 Beginning Balance 2,250
11,500

Cost of Goods Sold
Debit Credit
20,150

The Cost of Goods Manufactured was:

Garrison 17e Rechecks 2020-08-17

Multiple Choice

  • $42,100

  • $21,950

  • $20,150

  • $8,200

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