Homework Answers
Issued $2,400 of Direct materials
Direct Materials will go to WIP (inventories), the journal entry is
Work-in process inventory account....Debit $2,400
To Raw materials Inventory account...Credit $2,400
And issued $500 of indirect materials to production
Manufacturing overhead account.......Debit
To Raw materials account...............credit.
So, balance in manufacturing overhead will be = $41,000 + $500 = $41,500
Option 'C' is correct
$41,500
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