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Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 271,240 Aug. 31 Goods finished 190,490 31 Direct materials X 31 Direct labor 32,700 31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 112,690 Aug. 1 Balance 12,130 31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $209,910, what was the amount debited to Work in Process for direct materials in August?

Respuesta :

Answer:

Debited Amount to WIP for Direct Materials in august is $629,130.

Explanation:

According to the scenario, computation of the given data are as follows:-

Applied Factory Overhead = 30% of Direct Labor Cost

= $32,700 × 30 ÷ 100 = $9,810

Total Manufacturing Cost = Finished Goods of WIP + Closing Balance of WIP - Opening Balance of WIP

= $190,490 + $209,910 - $271,240 = $671,640

Debited Amount to WIP for Direct Material =Total Manufacturing Cost - Direct Labor Cost - Applied Factory Overhead

= $671,640 - $32,700 - $9,810

= $629,130

Debited Amount to WIP for Direct Materials in august is $629,130.

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