Selected accounts with some amounts omitted are as follows Work in Process Aug. 1 Balance 271,500 Aug.
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Selected accounts with some amounts omitted are as follows
Work in Process | |||||
Aug. 1 | Balance | 271,500 | Aug. 31 | Goods finished | 179,600 |
31 | Direct materials | X | |||
31 | Direct labor | 46,700 | |||
31 | Factory overhead | X |
Factory Overhead | |||||
Aug. 1 – 31 | Costs incurred | 117,800 | Aug. 1 | Balance | 16,000 |
31 | Applied | X |
If the balance of Work in Process at August 31 is $214,400, 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?
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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