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Semmy [17]
3 years ago
5

Selected accounts with a credit amount omitted are as follows: Work in Process Apr. 1 Balance 7,500 Apr. 30 Goods finished X 30

Direct materials 60,000 30 Direct labor 191,000 30 Factory overhead 57,300 Finished Goods Apr. 1 Balance 13,500 30 Goods finished 307,300 What was the balance of Work in Process as of April 30? a.$307,300 b.$13,500 c.$57,300 d.$8,500
Business
1 answer:
lozanna [386]3 years ago
8 0

Answer:

the balance in work in process in april 30 is $8,200

Explanation:

The computation of the balance in work in process in april 30 is as follows:

Balance of Work in Process as of April 30 is

= Apr 1 Balance + Direct material + direct labor + overhead - goods finished

= $7,500 + $60,000 + $191,000 + $57,000 - $307,300

= $8,200

Hence, the balance in work in process in april 30 is $8,200

This is the answer but the same is not provided in the given options

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At the beginning of the current year, Martin Corporation purchases 20% of the outstanding shares of Foster Company for $200,000
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Answer:

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Let plug in the formula

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Therefore The amount that Martin should report as investment income from its ownership of Foster's shares is $5,000

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2 years ago
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2 years ago
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