Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance...

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Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance...

Selected accounts with a credit amount omitted are as follows

Work in Process
Apr. 1	Balance	7,500	Apr. 30	Goods finished	X
30	Direct materials	51,700
30	Direct labor	193,700
30	Factory overhead	58,110

Finished Goods
Apr. 1	Balance	13,600
30	Goods finished	304,000

What was the balance of Work in Process as of April 30?

a.$7,010

b.$13,600

c.$58,110

d.$304,000

business accounting

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Answer 1

Answer #1

Work in Process, Apr 1 Balance	7500
Add: Direct materials	51700
Add: Direct labor	193700
Add: Factory overhead	58110
Total cost of Work in Process	311010
Less: Goods finished	-304000
Balance of Work in Process as of April 30	7010

Option A $7,010 is correct

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Answer 2

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