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The balance in White Company\'s work in process inventory account wasw $15,000 o

ID: 2349431 • Letter: T

Question

The balance in White Company's work in process inventory account wasw $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 the debits to the manufacturing overhead account total $28,000 for the month, and if the sum of the credits totaled $30,000 then was Finished goods debited or credited? and by how much?

Please show me how you got the answer as I need to show my work

Explanation / Answer

$15,000 + $30,000 + $25,000 + 30,000 - $18,000 = $82,000 so, . Finished Goods was debited for $82,000 during the month.

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