Question 9

The balance in the Work in Process Inventory account on October 1 was $14,000, and the balance on October 31 was $85,400. Costs incurred during the month were as follows: direct materials, $55,820; direct labor, $58,420; and overhead, $40,000. What amount was transferred to the Finished Goods Inventory account during October?

Select one:

a.

$82,840

b.

$154,240

c.

$239,640

d.

$140,240