Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 256,560...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 256,560 Aug. 31 Goods finished 190,420 31 Direct materials X 31 Direct labor 35,700 31 Factory overhead X Factory Overhead Aug. 1 31 Costs incurred 118,530 Aug. 1 Balance 12,020 31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $197,980, what was the amount debited to Work in Process for direct materials in August?
a.$94,280
b.$85,430
c.$490,240
d.$299,820
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!