Selected accounts with a credit amount omitted are as follows Work in Process 6,400 Apr. 30 53,900 191,200 57,360 Apr. 1 30 30 30 Balance Direct materials Direct labor Factory overhead Apr. 1 30 Finished Goods Balance 15,800 Goods finished 301,800 What was the balance of Work in Process as of April 30? a. $7,060 b. $301,800 Oc. $15,800 d. $57,360 Goods finished X

Selected accounts with a credit amount omitted are as follows Work in Process 6,400 Apr. 30 53,900 191,200 57,360 Apr. 1 30 30 30 Balance Direct materials Direct labor Factory overhead Apr. 1 30 Finished Goods Balance 15,800 Goods finished 301,800 What was the balance of Work in Process as of April 30? a. $7,060 b. $301,800 Oc. $15,800 d. $57,360 Goods finished X

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 9EA: A new company started production. Job 10 was completed, and Job 20 remains in production. Here is...

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Selected information concerning the operations of a company for the year ended December 31 is as follows: Work in process inventories at the beginning and end of the year were zero. Beginning inventory of finished goods was 9,650 (for 1,000 units). Cost of goods sold was 174,600. What was the companys finished goods inventory cost at December 31? a. 98,050 b. 29,100 c. 29,050 d. 40,600
During March, the following costs were charged to the manufacturing department: $14886 for materials; $14,656 for labor; and $13,820 for manufacturing overhead. The records show that 30,680 units were completed and transferred, while 2,400 remained in ending inventory. There were 33,080 equivalent units of material and 31,640 of conversion costs. Using the weighted-average method, what is the cost of inventory transferred and the balance in work in process inventory?
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