The journal entry to record the $500 of work in process ending inventory that consists of $300 of direct materials, $50 of manufacturing overhead, and $150 of direct labor is which of the following?
A. Work in Process Inventory 500
Accounts Payable 500
B. Accounts Payable 500
Work in Process Inventory 500
C. Work in Process Inventory 500
Materials Inventory 300
Wages Payable 150
Manufacturing Overhead 50
D. Cost of Goods Sold 500
Work in Process Inventory 500
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The journal entry to record the $500 of work in process ending inventory that consists of $300 of direct materials, $50 of manufacturing ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Quick freight owned a truck which cost $30,000 when it was purchased on january 1, 2012. it had accumulate depreciation of $18,000 at december 31,2013.
Answers (1)
Karen is a salesperson for an automobile company. She believes that the best way for her potential and existing customers to know about the products she is selling is by seeing those products in person and seeing exactly what the products can and
Answers (1)
You have informed users that you need to bring the machine down at the end of the day to perform routine maintenance.
Answers (1)
On the statement of cash flows prepared by the indirect method, the Cash flows from operating activities section would include a. gains or losses on fixed assets b. receipts from the issuance of capital stock c.
Answers (1)
Stocks and bonds Use letters in alphabetical order to select options A are examples of stores of value, but not units of account nor medium of exchange.
Answers (1)
New Questions in Business
How much of gordon's social security is taxable? a. $0 b. $16,000 c. $13,600 d. $6,646?
Answers (1)
Buffalo Corporation purchased warehouse shelving for $96,000, terms 1/10, n/30. At the purchase date, Buffalo intended to take the discount. Therefore, it made no entry until it paid for the acquisition. The entry was:
Answers (1)
Murphy's, Inc., has 85,000 shares of stock outstanding with a par value of $1 per share. The market value is $12 per share.
Answers (1)
The production possibilities curve illustrates the basic principle that: Group of answer choices A) an economy will automatically obtain full employment of its resources.
Answers (1)
Which of the following are pros and/or cons of using a market system to produce and distribute health care?
Answers (1)