TB MC Qu. 3-164 (Algo) The following partially completed T-accounts... The following partially completed...
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Accounting
TB MC Qu. 3-164 (Algo) The following partially completed T-accounts...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:
| Raw Materials | |||
|---|---|---|---|
| Debit | Credit | ||
| Beginning Balance | 4,650 | 8,300 | |
| 4,850 |
| Work in Process | |||
|---|---|---|---|
| Debit | Credit | ||
| Beginning Balance | 3,750 | 21,850 | |
| 5,850 | |||
| 8,150 | |||
| 7,950 |
| Finished Goods | |||
|---|---|---|---|
| Debit | Credit | ||
| Beginning Balance | 1,850 | 20,050 | |
| 21,850 |
| Manufacturing Overhead | |||
|---|---|---|---|
| Debit | Credit | ||
| 2,450 | 7,950 | ||
| 3,150 | |||
| 2,850 |
| Wages & Salaries Payable | |||
|---|---|---|---|
| Debit | Credit | ||
| 20,050 | Beginning Balance | 2,150 | |
| 11,300 |
| Cost of Goods Sold | |||
|---|---|---|---|
| Debit | Credit | ||
| 20,050 |
The direct materials cost was:
Multiple Choice
$5,850
$4,850
$3,750
$8,300
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