A. $8,050 B. $14,200 C. $3,250 D. $2,950 Please show me how you solved it, using

Question

A. $8,050

B. $14,200

C. $3,250

D. $2,950

Please show me how you solved it, using step by step guide and visual calculations! Thanks so much!

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Work in Process 3,850 5,950 8,250 8,050 Beg Bal 4,750 4,950 8,500 Beg Bal 21,950 Finished Goods Manufacturing overhead Beg Bal 1,950 21,950 2,550 3,250 2,950 20,150 8,050 Wages & Salaries Payable 20,150 Beg Bal Cost of Goods Sold 2,250 Beg Bal 11,500 20,150 The manufacturing overhead applied was

Explanation / Answer

Manufacturing applied is $8,050 no calculations required , you just need to read the T-Accounts refer to manufacturing overhead manufacturing overhead 2,550 8,050 3,250 2,950 the credit entry of $8,050 is the applied overhead the following entry is passed Accounting titles & explanations Debit Credit Work in process inventory 8,050 manufacturing overhead 8,050 thus the corresponding entry can be found in WIP inventory account on debit side

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