Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. selected accounts with amounts omitted are as foll

Selected accounts with amounts omitted are as follows Work in Process ...

50.1K

Verified Solution

Question

Accounting

  1. Selected accounts with amounts omitted are as follows

    Work in Process
    Aug. 1 Balance 271,630 Aug. 31 Goods finished 167,660
    31 Direct materials X
    31 Direct labor 35,600
    31 Factory overhead X
    Factory Overhead
    Aug. 1 31 Costs incurred 95,980 Aug. 1 Balance 15,180
    31 Applied
    (30% of direct labor cost) X

    If the balance of Work in Process on August 31 is $219,140, what was the amount debited to Work in Process for direct materials in August?

    a.$526,370

    b.$88,090

    c.$358,710

    d.$68,890

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students