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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
aj.4
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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