Top Posters
Since Sunday
38
o
10
j
9
m
9
9
C
8
s
8
a
8
f
8
y
8
n
8
d
8
New Topic  
hussainizzle hussainizzle
wrote...
Posts: 106
Rep: 0 0
7 months ago

The following partially completed T-accounts are for Stanford Corporation:

Raw Materials
DebitCredit
Balance7,000(2)24,000
(1)19,000
Work In Process
DebitCredit
Balance11,000(7)?
(2)15,000
(4)18,000
(6)31,000
Finished Goods
DebitCredit
Balance18,000
(7)62,000
15,000
Manufacturing Overhead
DebitCredit
(2)9,000(6)31,000
(3)16,000
(4)8,000
(5)5,000
Accumulated Depreciation--Factory
DebitCredit
Balance82,000
(3)16,000
Sales Salaries Expense
DebitCredit
(4)11,000
Accounts Payable
DebitCredit
Balance
(1)19,000
(5)5,000
Salaries and Wages Payable
DebitCredit
Balance7,000
(4)37,000

The cost of goods sold (after adjustment for underapplied or overapplied manufacturing overhead) is:



▸ $58,000

▸ $69,000

▸ $72,000

▸ $65,000
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 30 times
1 Reply
Replies
Answer verified by a subject expert
babolat00babolat00
wrote...
Posts: 96
Rep: 0 0
7 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
$72,000

1

Related Topics

hussainizzle Author
wrote...

7 months ago
You make an excellent tutor!
wrote...

Yesterday
Correct Slight Smile TY
wrote...

2 hours ago
This site is awesome
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  437 People Browsing
 194 Signed Up Today
Related Images
  
 204
  
 724
  
 273
Your Opinion
Which country would you like to visit for its food?
Votes: 135

Previous poll results: How often do you eat-out per week?