Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
H3Ko H3Ko
wrote...
Go to Answer
Posts: 4891
Rep: 45 0
8 years ago
At the beginning of the year, Tea Tree Manufacturing had the following account balances:

   Work-in-Process Inventory
2,000   



   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   $81,100
Direct labor incurred   191,400
Manufacturing overhead incurred   301,800
Manufacturing overhead allocated to production   295,000
Cost of jobs completed and transferred   501,500

The unadjusted balance in the Manufacturing Overhead account is a ________.
A) credit of $295,000
B) debit of $301,800
C) credit of $6,800
D) debit of $6,800
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 228 times
2 Replies
Replies
Answer verified by a subject expert
.unplugged..unplugged.
wrote...
#1
Top Poster
Posts: 1272
Rep: 267 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

H3Ko Author
wrote...
#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1670 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 54
  
 1181
  
 491
Your Opinion
What's your favorite coffee beverage?
Votes: 303
Previous poll results: Which is the best fuel for late night cramming?