csunshinels
Jun 13, 2013, 03:56 PM
The balance in White Company's work-in-process inventory account was $15,000 on August 1 and $18,000 on August 31. The company incurred $30,000 in direct labor cost during August and requisitioned $25,000 in raw materials (all direct material). If the sum of debits to the manufacturing overhead account totaled $28,000 for the month, and if the sum of credits totaled $30,000, then was Finished Goods debited or credited? By how much?
I don't want just the answer, I would like to know the steps on how to solve this please.
I don't want just the answer, I would like to know the steps on how to solve this please.