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Other Fields Homework Help Accounting Topic started by: H3Ko on Sep 6, 2016



Title: At the beginning of the year, Judge Manufacturing had the following account balances:Work-in-Process ...
Post by: H3Ko on Sep 6, 2016
At the beginning of the year, Judge Manufacturing had the following account balances:

   Work-in-Process Inventory
20,000   



   Finished Goods Inventory
8,000   



   Manufacturing Overhead
0   



   Cost of Goods Sold
0   



   Sales Revenue
   0



The following additional details are provided for the year:

Direct materials placed in production   $83,500
Direct labor incurred   190,500
Manufacturing overhead incurred   300,400
Manufacturing overhead allocated to production   297,900
Cost of jobs completed and transferred   501,700

The ending balance in the Finished Goods Inventory account is a ________.
A) debit of $571,900
B) debit of $509,700
C) debit of $8,000
D) debit of $501,700


Title: Re: At the beginning of the year, Judge Manufacturing had the following account ...
Post by: Tanks on Sep 6, 2016
Content hidden


Title: Re: At the beginning of the year, Judge Manufacturing had the following account balances:Work-in-Process ...
Post by: H3Ko on Oct 12, 2016
YES! Can't believe I got this one right. Appreciate the confirmation


Title: Re: At the beginning of the year, Judge Manufacturing had the following account ...
Post by: Codie Wilson on Feb 17, 2020
thank you