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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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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:
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8 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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