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Selected accounts with a credit amount omitted are as follows: Work in Process Apr. 1 Balance...

Selected accounts with a credit amount omitted are as follows: Work in Process Apr. 1 Balance 6,500 Apr. 30 Goods finished X 30 Direct materials 70,000 30 Direct labor 192,900 30 Factory overhead 57,870 Finished Goods Apr. 1 Balance 13,100 30 Goods finished 301,900 What was the balance of Work in Process as of April 30? a. $13,100 b. $25,370 c. $57,870 d. $301,900

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Answer #1
Correct answer is b. $25,370
Work in process
Apr-01 Balance $       6,500 Apr-30 Goods finished $ 3,01,900
Apr-30 Direct material $     70,000
Apr-30 Direct labor $ 1,92,900
Apr-30 Factory overhead $     57,870 Apr-30 Balance $     25,370
$ 3,27,270 $ 3,27,270
Finished goods
Apr-01 Balance $     13,100
Apr-30 Goods finished $ 3,01,900
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