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The following T accounts are for Stanford Company: Raw Materials Cost of Goods Sold Beg. Bal. 7,000 24,000 (2) ? (8) (1) 19,000 ? (9)
The following T accounts are for Stanford Company: Raw Materials Cost of Goods Sold Beg. Bal. 7,000 24,000 (2) ? (8) (1) 19,000 ? (9) Sales Salaries Expense Work in Process (4) 11,000 Beg. Bal. 11,000? (7) (2) 15,000 (4) 18,000 (6) 31,000 Accounts Payable Manufacturing Overhead 19,000 (1) (2) 9,000 31,000 (6 3 16,000 ?(9) (4) 8,000 (5 5,000 Wages & Salaries Payable Finished Goods 7,000 Beg. Bal. Beg. Bal. 18,000 ?(8) 37,000 (4) (7) 62,000 End. Bal. 15,000 Accumulated Depreciation-Factory 82,000 Beg. Bal. 16,000 (3) The cost of goods sold (after adjustment for underapplied or overapplied overhead) is:Multiple Choice O $72,000. O $58,000. O $65,000. O $69,000
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