On June 1, 2012, Dalton Production Company had beginning balances as shown in the T-accounts below. During June, the following transactions took place:
June 2: Issue $2,400 of direct materials and $200 of indirect materials to production.
-
Following this transaction, what was the balance in the Work in process inventory account?
A) $20,000
B) $22,400
C) $22,600
D) $20,200

Question

On June 1, 2012, Dalton Production Company had beginning balances as shown in the T-accounts below.  During June, the following transactions took place:
June 2: Issue $2,400 of direct materials and $200 of indirect materials to production.
-
Following this transaction, what was the balance in the Work in process inventory account?
A) $20,000 
B) $22,400 
C) $22,600 
D) $20,200

Quizplus · Accepted Answer

Calculations: $20,000 + $2,400 = $22,400

On June 1, 2012, Dalton Production Company Had Beginning Balances