The accounts of Delphinia Dreams,Inc.showed the following balances at the beginning of October: $$\begin{array} { | l | r | }
\hline \text { Rccount } & \multicolumn{1}{|c|} { \text { Debit } } \
\hline \text { Raw Materials Inventory } & \$ 34,000 \
\hline \text { Work-in-Process Inventory } & 40,000 \
\hline \text { Finished Goods Inventory } & 50,000 \
\hline \text { Manufacturing Overhead } & 23,000 \
\hline
\end{array}$$ During the month,direct materials amounting to $21,000 and indirect materials amounting to $5000 were issued to production.What is the ending balance in the Work-in-Process Inventory account following these two transactions?
A)$40,000
B)$61,000
C)$10,000
D)$28,000

Question

The accounts of Delphinia Dreams,Inc.showed the following balances at the beginning of October: $$\begin{array} { | l | r | } 
\hline \text { Rccount } & \multicolumn{1}{|c|} { \text { Debit } } \
\hline \text { Raw Materials Inventory } & \$ 34,000 \
\hline \text { Work-in-Process Inventory } & 40,000 \
\hline \text { Finished Goods Inventory } & 50,000 \
\hline \text { Manufacturing Overhead } & 23,000 \
\hline
\end{array}$$ During the month,direct materials amounting to $21,000 and indirect materials amounting to $5000 were issued to production.What is the ending balance in the Work-in-Process Inventory account following these two transactions?
A)$40,000
B)$61,000
C)$10,000
D)$28,000

Quizplus · Accepted Answer

The ending balance in the Work-in-Process Inventory account is calculated by adding the direct materials issued to production ($21,000) to the beginning balance ($40,000), resulting in $61,000. Indirect materials do not affect the Work-in-Process Inventory account directly.

The Accounts of Delphinia Dreams,Inc During the Month,direct Materials Amounting to $21,000 and Indirect Materials