Question

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:

Raw Materials
Beg Bal 4,750 8,500
4,950
Work in Process
Beg Bal 3,850 21,950
5,950
8,250
8,050
Finished Goods
Beg Bal 1,950 20,150
21,950
Manufacturing Overhead
2,550 8,050
3,250
2,950
Wages & Salaries Payable
20,150 Beg Bal 2,250
11,500
Cost of Goods Sold
Beg Bal 20,150

The direct materials cost was:

Multiple Choice

  • $8,500

  • $5,950

  • $3,850

  • $4,950

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