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Homework answers / question archive / The balance in White Company's Work in Process inventory account was $15,000 on August 1 and $18,000 on August 31

The balance in White Company's Work in Process inventory account was $15,000 on August 1 and $18,000 on August 31

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The balance in White Company's Work in Process inventory account was $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. Which of the following statements about finished goods inventory and manufacturing overhead is correct?

A. Finished Goods was debited for $82,000 during the month.

B. Finished Goods was credited for $83,000 during the month.

C. Manufacturing Overhead was underapplied by $2,000 at the end of the month.

D. Finished Goods was debited for $85,000 during the month.

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