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Accounting
Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 275,000 Aug. 31 Goods finished 1,030,000 31 Direct materials X 31 Direct labor 450,000 31 Factory overhead ☑ Factory Overhead Aug. 1-31 Costs incurred 145,000 Aug. 1 31 Balance Applied (30% of direct labor cost) 15,000 X If the balance of Work in Process on August 31 is $220,000, what was the amount debited to Work in Process for direct materials in August? O a. $390,000 Ob. $170,000 Oc. $580,000 Od $525,000

Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 275,000 Aug. 31 Goods finished 1,030,000 31 Direct materials X 31 Direct labor 450,000 31 Factory overhead ☑ Factory Overhead Aug. 1-31 Costs incurred 145,000 Aug. 1 31 Balance Applied (30% of direct labor cost) 15,000 X If the balance of Work in Process on August 31 is $220,000, what was the amount debited to Work in Process for direct materials in August? O a. $390,000 Ob. $170,000 Oc. $580,000 Od $525,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 275,000 Aug. 31 Goods finished 1,030,000 31 Direct materials X 31 Direct labor 450,000 31 Factory overhead ☑ Factory Overhead Aug. 1-31 Costs incurred 145,000 Aug. 1 31 Balance Applied (30% of direct labor cost) 15,000 X If the balance of Work in Process on August 31 is $220,000, what was the amount debited to Work in Process for direct materials in August? O a. $390,000 Ob. $170,000 Oc. $580,000 Od $525,000
Transcribed Image Text:Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 275,000 Aug. 31 Goods finished 1,030,000 31 Direct materials X 31 Direct labor 450,000 31 Factory overhead ☑ Factory Overhead Aug. 1-31 Costs incurred 145,000 Aug. 1 31 Balance Applied (30% of direct labor cost) 15,000 X If the balance of Work in Process on August 31 is $220,000, what was the amount debited to Work in Process for direct materials in August? O a. $390,000 Ob. $170,000 Oc. $580,000 Od $525,000
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