Question

Selected accounts with some amounts omitted are as follows:

Work in Process
Oct. 1Balance20,000 Oct. 31Goods finishedX
31Direct materials96,700
31Direct labor201,000
31Factory overheadX
Finished Goods
Oct. 1Balance52,000
31Goods finished360,000

If the balance of Work in Process on October 31 is $21,000, what was the amount of factory overhead applied in October?

a. $63,300

b. $21,300

c. $42,300

d. $11,300

Answer

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