Question

8) The Heidelberg Company began the period with a balance of $13,000 in its Work in Process
(WIP) account. During the period the company incurred $16,000 in direct labour costs;
requisitioned $10,000 in direct materials, and applied $17,000 in manufacturing overhead.
Actual overhead costs for the period were $18,500. If the balance in the WIP account at the end
of the period was $22,000 then Cost of Goods Manufactured for the period was
a) $34.000
b) $21.000
c) $35,500
d) $56.000.​

Answer 1

Answer:

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