Question: please show solution thank you Selected accounts are presented as follows: WORK-IN-PROCESS DEBIT CREDIT Nov 1 Balance P 275,000 Nov 30 FG 1,050,000 30 DM

please show solution thank youplease show solution thank you Selected accounts are presented as follows: WORK-IN-PROCESS

Selected accounts are presented as follows: WORK-IN-PROCESS DEBIT CREDIT Nov 1 Balance P 275,000 Nov 30 FG 1,050,000 30 DM ? 30 DL 350,250 30 FOH ? FINISHED GOODS DEBIT CREDIT Nov 1 to 30 Costs incurred 145,000 Nov 1 Balance 15,000 ? 30 Applied 30% of DL cost The balance of Work-in-Process at November 30 is 215,700. The amount charged to Work-in-Process for FACTORY OVERHEAD in November was

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!