Author Question: The following account balances at the beginning of January were selected from the general ledger of ... (Read 37 times)

tuffie · **on:** Jan 4, 2020

The following account balances at the beginning of January were selected from the general ledger of Sailor Manufacturing Company:

Work in process inventory

$0

Raw materials inventory

$26,000

Finished goods inventory

$46,000

Additional data:

1)	Actual manufacturing overhead for January amounted to $62,000.

2)	Total direct labour cost for January was $57,000.

3)	The predetermined manufacturing overhead rate is based on direct labour cost. The budget for

the year called for $300,000 of direct labour cost and $360,000 of manufacturing overhead costs.

4)	The only job unfinished on January 31 was Job No. 1002, for which total direct labour charges

were $6,300 (800 direct labour hours) and total direct material charges were $12,000.

5)	Cost of direct materials placed in production during January totaled $101,000.

6)	January 31 balance in raw materials inventory was $32,000.

7)	Finished goods inventory balance on January 31 was $34,500.

What is the work in process inventory balance on January 31 at Sailor Manufacturing Company?
◦ $49,550
◦ $23,550
◦ $7,560
◦ $25,860

SeanoH09 · **Reply #1 on:** Jan 4, 2020

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 29% of students answer this correctly