Question: River Falls Manufacturing uses a normal cost system and had the following data available for 2018. Direct materials purchased on account Direct materials requisitioned Direct

River Falls Manufacturing uses a normal cost system and had the following data available for 2018. Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred Factory overhead incurred Cost of goods completed Cost of goods sold Beginning direct matenials inventory Beginning WIP inventory Beginning finished goods inventory Overhead application rate. as a percent of direct- labor costs $159,000 80,000 126,000 149,000 300,000 258,000 31,000 65,000 53,000 115 percent A. debt to Direct Materials Inventory for $159,000 O B. credit to Direct Materials Inventory for $80.000 C. credit to WIP Inventory for $80,000 O D. debit to WIP Inventory for $159.000 Click to select your answer River Falls Manufacturing uses a normal cost system and had the following data available for 2018. Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred Factory overhead incurred Cost of goods completed Cost of goods sold Beginning direct matenials inventory Beginning WIP inventory Beginning finished goods inventory Overhead application rate. as a percent of direct- labor costs $159,000 80,000 126,000 149,000 300,000 258,000 31,000 65,000 53,000 115 percent A. debt to Direct Materials Inventory for $159,000 O B. credit to Direct Materials Inventory for $80.000 C. credit to WIP Inventory for $80,000 O D. debit to WIP Inventory for $159.000 Click to select your
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