The balance in White Company's Work in Process inventory account was $15,000 on August 1 and...

 

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The balance in White Company's Work in Process inventory account was $15,000 on August 1 and $18.000 on August 31. The company incurred $30,000 in direct labor cost during August and requisitioned $25,000 in raw materials (all direct material). If the sum of the debits to the Manufacturing Overhead account total $28,000 for the month, and if the sum of the credits totaled $30,000, then: Select one: O a. Finished Goods was debited for $82,000 during the month. O b. Finished Goods was credited for $83,000 during the month. c Manufacturing Overhead was underapplied by $2,000 at the end of the month O d. Finished Goods was debited for $85,000 during the month. The balance in White Company's Work in Process inventory account was $15,000 on August 1 and $18.000 on August 31. The company incurred $30,000 in direct labor cost during August and requisitioned $25,000 in raw materials (all direct material). If the sum of the debits to the Manufacturing Overhead account total $28,000 for the month, and if the sum of the credits totaled $30,000, then: Select one: O a. Finished Goods was debited for $82,000 during the month. O b. Finished Goods was credited for $83,000 during the month. c Manufacturing Overhead was underapplied by $2,000 at the end of the month O d. Finished Goods was debited for $85,000 during the month.

Answer rating: 100% (QA)

Beginning balance of WIP 15000 Add Current cost of manufacture M... View the full answer