The accounts of Melissa Manufacturing showed the following balances at the beginning of December: Account Debit $56,000 Raw Materials Inventory Nork - in - Process Inventory Finished Goods Inventory Manufacturing Overhead 75,000 32,000 20,000 The following transactions took place during the month: December 2: Issued direct materials $34,000 and indirect materials $6,000 to production. December 15: Incurred $6,000 and $3,000 toward factory's direct labor cost and indirect labor cost, respectively. What should be the balance in the Work - in - Process Inventory following these transactions?

The accounts of Melissa Manufacturing showed the following balances at the beginning of December: Account Debit $56,000 Raw Materials Inventory Nork - in - Process Inventory Finished Goods Inventory Manufacturing Overhead 75,000 32,000 20,000 The following transactions took place during the month: December 2: Issued direct materials $34,000 and indirect materials $6,000 to production. December 15: Incurred $6,000 and $3,000 toward factory's direct labor cost and indirect labor cost, respectively. What should be the balance in the Work - in - Process Inventory following these transactions?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 8SPA: JOURNAL ENTRIES FOR MATERIAL, LABOR, AND OVERHEAD Eto Manufacturing had the following transactions...

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