Compute the Work-In-Process Transferred to the Finished Goods Warehouse on April

question 20

Multiple Choice

Compute the Work-in-Process transferred to the finished goods warehouse on April 30 using the following information: $$\begin{array} { | l | r | } \hline \text { Work-In-Process Inventory, April } 30 & \$ 175 \\\hline \text { Direct material purchased during April } & 150 \\\hline \text { Work-In-Process Inventory, April } 1 & 200 \\\hline \text { Direct labor costs incurred } & 300 \\\hline \text { Manufacturing overhead costs } & 250 \\\hline \text { Direct materials used in production } & 125 \\\hline\end{array}$$

• A) $650.
• B) $675.
• C) $700.
• D) $750.

---

Definitions:

Insurance Expense

Costs incurred by a business for insurance coverage, considered an operating expense.

Prepaid Rent

An advance payment for rent that is recorded as an asset on the balance sheet until it is incurred as an expense.

Interest Expense

The cost incurred by an entity for borrowed funds, such as loans or bonds, over a specific period.

Prepaid Expenses

Expenditures paid in advance for goods or services to be received in the future.