Top Posters
Since Sunday
7
6
o
5
b
4
s
3
j
3
b
3
m
3
K
3
g
3
L
3
w
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bernie2981 bernie2981
wrote...
Go to Answer
Posts: 3810
Rep: 26 0
8 years ago
Here is some basic data for Honey Dukes Corporation:

Beginning raw materials inventory   $37,000    Beginning work in process inventory    68,000
Beginning finished goods inventory    59,000    Cost of materials purchased   188,000
Cost of direct materials requisitioned    87,000    Direct labor incurred    195,000
Actual manufacturing overhead    195,000    Completed goods   287,000
Cost of goods sold
   255,000    Manufacturing overhead rate ( % of direct labor)    125%

The entry to record the cost of goods completed would be a
A) debit to Work-in-Process Inventory account for $255,000.
B) credit to Work-in-Process Inventory account for $255,000.
C) credit to Finished Goods Inventory account for $975,000.
D) debit to Finished Goods Inventory account for $287,000.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 571 times
6 Replies
Replies
Answer verified by a subject expert
nucleinuclei
wrote...
#1
Top Poster
Posts: 2158
Rep: 418 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bernie2981 Author
wrote...
#2
8 years ago
Answers my question perfectly.
wrote...
#3
4 years ago
Thank you
wrote...
#4
3 years ago
Thank You!
wrote...
#5
3 years ago
thanks !!
wrote...
#6
3 years ago
thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  963 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 242
  
 413
  
 849
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 405
Previous poll results: Which country would you like to visit for its food?