On June 1,Westbrook Productions Had Beginning Balances as Shown in the T-Accounts

question 33

Multiple Choice

On June 1,Westbrook Productions had beginning balances as shown in the T-accounts below. During June,the following transactions took place:
June 2: Issued $3300 of direct materials and $600 of indirect materials to production.
June 13: Incurred $7400 of direct factory labor cost and $14,800 of indirect factory labor cost.
What was the balance in the Manufacturing Overhead account following these transactions?

• A) $41,600
• B) $56,400
• C) $55,800
• D) $59,100

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Definitions:

Capital Balance

The amount of money that owners have invested in a company, not including any profits or losses.

Natural Business Year

A fiscal year that ends when a company's sales are at their lowest point in their annual cycle.

Fiscal Year

A one-year period used for financial reporting and budgeting, which does not necessarily coincide with the calendar year.

Business Activities

Various operations, tasks, and functions carried out by a company in pursuit of its economic goals.