Recent Posts • Latest Topics • Unanswered Questions

Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the ...

lovepink1122

wrote...

Go to Answer

Posts: 122

Rep:

A year ago

Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the ...

Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:

Raw materials purchased on account	$ 475,000
Raw materials (all direct) requisitioned for use in production	$ 476,000
Direct labor cost	$ 640,000
Manufacturing overhead:
Indirect labor cost	$ 174,000
Other manufacturing overhead costs incurred	$ 498,000
Cost of goods manufactured	$1,469,000
Cost of goods sold (unadjusted)	$1,430,000

The journal entry to record the transfer of completed goods from Work in Process to Finished Goods is:

▸

	Debit	Credit
Finished Goods	1,672,500
Work in Process		1,672,500

▸

	Debit	Credit
Work in Process	1,469,000
Finished Goods		1,469,000

▸

	Debit	Credit
Finished Goods	1,469,000
Work in Process		1,469,000

▸

	Debit	Credit
Work in Process	1,672,500
Finished Goods		1,672,500

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

Read 47 times

1 Reply

Report

Replies

Answer verified by a subject expert

prospectjay

wrote...

Posts: 137

Rep:

A year ago

More solutions for this book are available here

Report

Related Topics

lovepink1122 Author

wrote...

A year ago

This helped my grade so much Perfect

gefa

wrote...

Yesterday

Thanks

my2redeyes

wrote...

2 hours ago

Smart ... Thanks!

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

737 People Browsing

122 Signed Up Today

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

137

353

188

Your Opinion

Previous poll results: Do you believe in global warming?

Bonobos, Chimpanzees, and the 98% DNA Link

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

The Toxic Skin and Fungi Defense

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.