Solved

At the Beginning of the Year,Judge Manufacturing Had the Following

Question 120

Multiple Choice

At the beginning of the year,Judge Manufacturing had the following account balances:  At the beginning of the year,Judge Manufacturing had the following account balances:           The following additional details are provided for the year:  \begin{array} { | l | c | }  \hline \text { Direct materials placed in production } & \$ 83,500 \\ \hline \text { Direct labor incurred } & 190,500 \\ \hline \text { Manufacturing overhead incurred } & 300,400 \\ \hline \text { Manufacturing overhead allocated to production } & 297,900 \\ \hline \text { Cost of jobs completed and transferred } & 501,700 \\ \hline \end{array}  The ending balance in the Finished Goods Inventory account is a ________. A)  debit of $509,700 B)  debit of $501,700 C)  debit of $8000 D)  debit of $571,900  At the beginning of the year,Judge Manufacturing had the following account balances:           The following additional details are provided for the year:  \begin{array} { | l | c | }  \hline \text { Direct materials placed in production } & \$ 83,500 \\ \hline \text { Direct labor incurred } & 190,500 \\ \hline \text { Manufacturing overhead incurred } & 300,400 \\ \hline \text { Manufacturing overhead allocated to production } & 297,900 \\ \hline \text { Cost of jobs completed and transferred } & 501,700 \\ \hline \end{array}  The ending balance in the Finished Goods Inventory account is a ________. A)  debit of $509,700 B)  debit of $501,700 C)  debit of $8000 D)  debit of $571,900  At the beginning of the year,Judge Manufacturing had the following account balances:           The following additional details are provided for the year:  \begin{array} { | l | c | }  \hline \text { Direct materials placed in production } & \$ 83,500 \\ \hline \text { Direct labor incurred } & 190,500 \\ \hline \text { Manufacturing overhead incurred } & 300,400 \\ \hline \text { Manufacturing overhead allocated to production } & 297,900 \\ \hline \text { Cost of jobs completed and transferred } & 501,700 \\ \hline \end{array}  The ending balance in the Finished Goods Inventory account is a ________. A)  debit of $509,700 B)  debit of $501,700 C)  debit of $8000 D)  debit of $571,900  At the beginning of the year,Judge Manufacturing had the following account balances:           The following additional details are provided for the year:  \begin{array} { | l | c | }  \hline \text { Direct materials placed in production } & \$ 83,500 \\ \hline \text { Direct labor incurred } & 190,500 \\ \hline \text { Manufacturing overhead incurred } & 300,400 \\ \hline \text { Manufacturing overhead allocated to production } & 297,900 \\ \hline \text { Cost of jobs completed and transferred } & 501,700 \\ \hline \end{array}  The ending balance in the Finished Goods Inventory account is a ________. A)  debit of $509,700 B)  debit of $501,700 C)  debit of $8000 D)  debit of $571,900  At the beginning of the year,Judge Manufacturing had the following account balances:           The following additional details are provided for the year:  \begin{array} { | l | c | }  \hline \text { Direct materials placed in production } & \$ 83,500 \\ \hline \text { Direct labor incurred } & 190,500 \\ \hline \text { Manufacturing overhead incurred } & 300,400 \\ \hline \text { Manufacturing overhead allocated to production } & 297,900 \\ \hline \text { Cost of jobs completed and transferred } & 501,700 \\ \hline \end{array}  The ending balance in the Finished Goods Inventory account is a ________. A)  debit of $509,700 B)  debit of $501,700 C)  debit of $8000 D)  debit of $571,900 The following additional details are provided for the year:
 Direct materials placed in production $83,500 Direct labor incurred 190,500 Manufacturing overhead incurred 300,400 Manufacturing overhead allocated to production 297,900 Cost of jobs completed and transferred 501,700\begin{array} { | l | c | } \hline \text { Direct materials placed in production } & \$ 83,500 \\\hline \text { Direct labor incurred } & 190,500 \\\hline \text { Manufacturing overhead incurred } & 300,400 \\\hline \text { Manufacturing overhead allocated to production } & 297,900 \\\hline \text { Cost of jobs completed and transferred } & 501,700 \\\hline\end{array} The ending balance in the Finished Goods Inventory account is a ________.


A) debit of $509,700
B) debit of $501,700
C) debit of $8000
D) debit of $571,900

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents