The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...

Question

Question

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:

Raw Materials
Beg Bal	5,000	9,000
	5,200

Work in Process
Beg Bal	4,100	22,200
	6,200
	8,500
	8,300

Finished Goods
Beg Bal	2,200	20,400
	22,200

Manufacturing Overhead
	2,800	8,300
	3,500
	3,200

Wages & Salaries Payable
	20,400	Beg Bal	2,500
			12,000

Cost of Goods Sold
Beg Bal	20,400

The direct materials cost was:

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Direct materials used for production is debited to work in process account and indirect materials used is debited to manufact

Add a comment

Answer 2

Similar Homework Help Questions

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Work...

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Work in Process Credit Credit Debit Beginning Balance Debit Beginning Balance 9,000 22,200 5,000 5,200 4,100 6,200 8,500 8,300 Finished Goods Manufacturing Overhead Credit Debit Credit Debit Beginning Balance 20,400 8,300 2,200 22,200 2,800 3,500 3,200 Cost of Goods Sold Debit Wages & Salaries Payable Credit 20,400 Beginning Balance Debit Credit 20,400 2,500 12,000 The direct labor cost was: : Multiple Choice $20,400 $13.100
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 5,200 9,400 5,400 Work in Process Beg Bal 4,300 22,400 6,400 8,700 8,500 Finished Goods Beg Bal 2,400 20,600 22,400 Manufacturing Overhead 3,000 8,500 3,700 3,400 Wages & Salaries Payable 20,600 Beg Bal 2,700 12,400 Cost of Goods Sold Beg Bal 20,600 The manufacturing overhead applied was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw...

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 4,750 4,950 8,500 Beg Bal 21,950 Work in Process 3,850 5,950 8,250 8,050 Beg Bal Finished Goods 1,950 21,950 20,150 20,150 8,050 Manufacturing Overhead 2,550 3,250 2,950 Wages & Salaries Payable Cost of Goods Sold 20,150 20,150 Beg Bal Beg Bal 2,250 11,500 The manufacturing overhead was:

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 5,250 9,500 5,450 Work in Process Beg Bal 4,350 22,450 6,450 8,750 8,550 Finished Goods Beg Bal 2,450 20,650 22,450 Manufacturing Overhead 3,050 8,550 3,750 3,450 Wages & Salaries Payable 20,650 Beg Bal 2,750 12,500 Cost of Goods Sold Beg Bal 20,650 The Cost of Goods Manufactured was: A. $20,650 B. $22,450 C. $43,100 D. $9,200
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw...

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 5,250 5,450 9,500 Beg Bal 22,450 Work in Process 4,350 6,450 8,750 8,550 5:20 Beg Bal Pinished Goods 2,450 22,450 20,650 8,550 Manufacturing Overhead 3,050 3,750 3,450 Wages & Salaries Payable 20,650 Beg Bal Cost of Goods Sold 20,650 2,750 12,500 Beg Bal The direct materials cost was!
20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials...

20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 4,550 8,100 4,750 Work in Process Beg Bal 3,650 21,750 5,750 8,050 7,850 Finished Goods Beg Bal 1,750 19,950 21,750 Manufacturing Overhead 2,350 7,850 3,050 2,750 Wages & Salaries Payable 19,950 Beg Bal 2,050 11,100 Cost of Goods Sold Beg Bal 19,950 The manufacturing overhead applied was:

20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials...

20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 4,550 8,100 4,750 Work in Process Beg Bal 3,650 21,750 5,750 8,050 7,850 Finished Goods Beg Bal 1,750 19,950 21,750 Manufacturing Overhead 2,350 7,850 3,050 2,750 Wages & Salaries Payable 19,950 Beg Bal 2,050 11,100 Cost of Goods Sold Beg Bal 19,950 The manufacturing overhead applied was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw...

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 5,050 5,250 9,100 Beg Bal 22,250 Work in Process 4,150 6,250 8,550 8,350 Beg Bal Finished Goods 2,250 22,250 20,450 8,350 Manufacturing Overhead 2,850 3,550 3,250 Wages & Salaries Payable 20,450 Beg Bal Cost of Goods Sold 20,450 Beg Bal 2,550 12,100 The manufacturing overhead was: Multiple Choice О $3,250 overapplied $1,300 underapplied O O O O $3,250 underapplied O $1,300 overapplied
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials 5,050...

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials 5,050 5,250 Work in Process 4,150 Beg Bal 9,100 Beg Bal 22,250 6,250 8,550 8,350 Beg Bal Finished Goods 2,250 22,250 20,450 8,350 Manufacturing Overhead 2,850 3,550 3,250 Wages & Salaries Payable 20,450 Beg Bal Cost of Goods Sold 20,450 Beg Bal 2,550 12,100 The manufacturing overhead was: Multiple Choice О. $3,250 overapplied O $1,300 underapplied О O $3,250 underapplied O $1,300 overapplied

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Raw Materials Work...

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Raw Materials Work in Process Credit Credit Beginning Balance 4,700 4,900 8,460 bebit Beginning Balance 21,900 3,800 5.900 8,200 8,000 Finished Goods Manufacturing Overhead Credit Debit Beginning Balance Debit Credit 20,100 1,900 21,900 8,000 2,500 3,200 2,900 Debit Cost of Goods Sold Mapes & Salaries Payable Credit 20,100 Beginning Balance Credit 2,200 11,400 Beginning Balance 20,100 The manufacturing overhead was:

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...

Homework Answers