Question

Selected accounts with some debits and credits omitted are presented as follows:Work in ProcessOct. 1 Balance 20,000 Oct. 31 Goods finished X31 Direct materials 96,70031 Direct labor 201,00031 Factory overhead XFinished GoodsOct. 1 Balance 52,00031 Goods finished 360,000If the balance of Work in Process at October 31 is $21,000. What was the amount of factory overhead applied in October?

Answer 1

Answer:

The amount of factory overhead applied in October is $63,300.

Explanation:

Goods finished + Oct 31 work in progress = direct materials + direct labor + oct 1 balance + factory overhead

360,000 + 21,000 = 96,700 + 201,000 + 20,000 + Factory Overhead

381,000 = 317,700 + Factory overhead

Factory overhead = $63,300

Therefore, The amount of factory overhead applied in October is $63,300.