Selected accounts with a credit amount omitted are as follows Work in Process 6,900 Apr. 30 65,600 190,300 57,090…

Selected accounts with a credit amount omitted are as follows Work in Process 6,900 Apr. 30 65,600 190,300 57,090…

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Selected accounts with a credit amount omitted are as follows Work in Process 6,900 Apr. 30 65,600 190,300 57,090…
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Selected accounts with a credit amount omitted are as follows
Work in Process
6,900 Apr. 30
65,600
190,300
57,090
Apr. 1
30
30
30
Balance
Direct materials
Direct labor
Factory overhead
Finished Goods
Balance
15,000
Goods finished
308,300
What was the balance of Work in Process as of April 30?
Apr. 1
30
Goods finished Selected accounts with some amounts omitted are as follows
Work in Process
256,300 Aug. 31
Aug. 1
Balance
31
Direct materials
31
Direct labor
31 Factory overhead
X
43,200
Factory Overhead
Aug. 1-31 Costs incurred 114,300 Aug. 1 Balance
31 Applied
Goods finished
173,400
13,800
X
If the balance of Work in Process on August 31 is $197,800, what was the amount debited to Work in Process for factory overhead in August,
assuming a factory overhead rate of 30% of direct labor costs?

Expert Answer:

Answer rating: 100% (QA)

For the first question the balance of Work in Process as of April 30 can be calculated as follows Ba
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