Accounts Payable
Bal
(1)
19,000
(5)
5,000
Salaries and Wages Payable
Bal
7,000
(4)
37,000
The indirect labor cost is:
A) $8,000
B) $15,000
C) $18,000
D) $37,000
Sales Salaries Expense
Payable
162
167)
Raw Materials
Bal
7,000
(2)
24,000
(1)
19,000
Work In Process
Bal
11,000
(7)
?
(2)
15,000
(4)
18,000
(6)
31,000
Finished Goods
Bal
18,000
(7)
62,000
15,000
Manufacturing Overhead
(2)
9,000
(6)
31,000
(3)
16,000
(4)
8,000
(5)
5,000
Accumulated Depreciation—Factory
Bal
82,000
(3)
16,000
Sales Salaries Expense
(4)
11,000
Accounts Payable
Bal
(1)
19,000
(5)
5,000
Salaries and Wages Payable
Bal
7,000
(4)
37,000
The cost of goods manufactured is:
A) $82,000
B) $64,000
C) $71,000
D) $62,000
Finished Goods
164
168)
Raw Materials
Bal
7,000
(2)
24,000
(1)
19,000
Work In Process
Bal
11,000
(7)
?
(2)
15,000
(4)
18,000
(6)
31,000
Finished Goods
Bal
18,000
(7)
62,000
15,000
Manufacturing Overhead
(2)
9,000
(6)
31,000
(3)
16,000
(4)
8,000
(5)
5,000
Accumulated Depreciation—Factory
Bal
82,000
(3)
16,000
Sales Salaries Expense
(4)
11,000
Accounts Payable
Bal
(1)
19,000
(5)
5,000
Salaries and Wages Payable
Bal
7,000
(4)
37,000
The cost of goods sold (after adjustment for underapplied or overapplied manufacturing overhead)
is:
A) $58,000
B) $69,000
C) $72,000
D) $65,000
Bal
(7)
Bal
(8)
(7)
167
169)
Raw Materials
Bal
7,000
(2)
24,000
(1)
19,000
Work In Process
Bal
11,000
(7)
?
(2)
15,000
(4)
18,000
(6)
31,000
Finished Goods
Bal
18,000
(7)
62,000
15,000
Manufacturing Overhead
(2)
9,000
(6)
31,000
(3)
16,000
(4)
8,000
(5)
5,000
Accumulated Depreciation—Factory
Bal
82,000
(3)
16,000
Sales Salaries Expense
(4)
11,000
Accounts Payable
Bal
(1)
19,000
(5)
5,000
Salaries and Wages Payable
Bal
7,000
(4)
37,000
The manufacturing overhead applied is:
A) $24,000
B) $31,000
C) $38,000
D) $42,000
169
170)
Raw Materials
Bal
7,000
(2)
24,000
(1)
19,000
Work In Process
Bal
11,000
(7)
?
(2)
15,000
(4)
18,000
(6)
31,000
Finished Goods
Bal
18,000
(7)
62,000
15,000
Manufacturing Overhead
(2)
9,000
(6)
31,000
(3)
16,000
(4)
8,000
(5)
5,000
Accumulated Depreciation—Factory
Bal
82,000
(3)
16,000
Sales Salaries Expense
(4)
11,000
Accounts Payable
Bal
(1)
19,000
(5)
5,000
Salaries and Wages Payable
Bal
7,000
(4)
37,000
The cost of direct materials used is:
A) $14,000
B) $15,000
C) $18,000
D) $24,000
Work in Process
Manufacturing Overhead
171
171)
Raw Materials
Bal
7,000
(2)
24,000
(1)
19,000
Work In Process
Bal
11,000
(7)
?
(2)
15,000
(4)
18,000
(6)
31,000
Finished Goods
Bal
18,000
(7)
62,000
15,000
Manufacturing Overhead
(2)
9,000
(6)
31,000
(3)
16,000
(4)
8,000
(5)
5,000
Accumulated Depreciation—Factory
Bal
82,000
(3)
16,000
Sales Salaries Expense
(4)
11,000
Accounts Payable
Bal
(1)
19,000
(5)
5,000
Salaries and Wages Payable
Bal
7,000
(4)
37,000
The ending Work in Process account balance would be:
A) $13,000
B) $75,000
C) $20,000
D) $64,000
Bal
(7)
(2)
(4)
(6)
173
172) The following partially completed T-accounts summarize transactions for Faaberg
Corporation during the year:
Raw Materials
Beg Bal
4,500
8,000
4,700
Work in Process
Beg Bal
3,600
21,700
5,700
8,000
7,800
Finished Goods
Beg Bal
1,700
19,900
21,700
Manufacturing Overhead
2,300
7,800
3,000
2,700
Wages & Salaries Payable
19,900
Beg Bal
2,000
11,000
Cost of Goods Sold
Beg Bal
19,900
The Cost of Goods Manufactured was:
A) $19,900
B) $21,700
C) $41,600
D) $7,700
175
173) The following partially completed T-accounts summarize transactions for Faaberg
Corporation during the year:
Raw Materials
Beg Bal
4,500
8,000
4,700
Work in Process
Beg Bal
3,600
21,700
5,700
8,000
7,800
Finished Goods
Beg Bal
1,700
19,900
21,700
Manufacturing Overhead
2,300
7,800
3,000
2,700
Wages & Salaries Payable
19,900
Beg Bal
2,000
11,000
Cost of Goods Sold
Beg Bal
19,900
The direct labor cost was:
A) $11,600
B) $19,900
C) $8,000
D) $11,000
177
174) The following partially completed T-accounts summarize transactions for Faaberg
Corporation during the year:
Raw Materials
Beg Bal
4,500
8,000
4,700
Work in Process
Beg Bal
3,600
21,700
5,700
8,000
7,800
Finished Goods
Beg Bal
1,700
19,900
21,700
Manufacturing Overhead
2,300
7,800
3,000
2,700
Wages & Salaries Payable
19,900
Beg Bal
2,000
11,000
Cost of Goods Sold
Beg Bal
19,900
The direct materials cost was:
A) $8,000
B) $5,700
C) $3,600
D) $4,700
179
175) The following partially completed T-accounts summarize transactions for Faaberg
Corporation during the year:
Raw Materials
Beg Bal
4,500
8,000
4,700
Work in Process
Beg Bal
3,600
21,700
5,700
8,000
7,800
Finished Goods
Beg Bal
1,700
19,900
21,700
Manufacturing Overhead
2,300
7,800
3,000
2,700
Wages & Salaries Payable
19,900
Beg Bal
2,000
11,000
Cost of Goods Sold
Beg Bal
19,900
The manufacturing overhead applied was:
A) $2,700
B) $3,000
C) $7,800
D) $13,700