Debit Credit Finished goods inventory Direct Materials manufacturing overhead De

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Debit

Credit

Finished goods inventory

Direct Materials

manufacturing overhead

Debit

Credit

Work in process inventory

Direct Materials

manufacturing overhead

Debit

Credit

Raw materials inventory

Work in process inventory

Debit

Credit

Finished goods inventory

Work in process Inventory

11. In a toy company, the Assembly Department started 40,000 units and completed 25,000 units. If beginning work in process was 10,000 units, how many units are in ending work in process? (Points : 2)        0.
       15,000.
       25,000.
       30,000.

Explanation / Answer

Answer 11. 10000+40000-25000=25000

Answer 12. 120000+60000-20000=160000

Answer 13 Work in progress baking department

Answer 14   by multiplying the percentage of work done by the physical units

Answered first 4 questions.

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