Question

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

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