question archive Compute ending work in process inventory for a manufacturer with the following information
Compute ending work in process inventory for a manufacturer with the following information
Subject:AccountingPrice: Bought3
Compute ending work in process inventory for a manufacturer with the following information.
Raw materials purchased. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $124,800
Raw materials used in production. . . . . . . . . . . . . . . . . . . . . . . . . . . 74,300
Direct labor used. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,000
Total factory overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95,700
Work in process inventory, beginning of year. . . . . . . . . . . . . . . . . 26,500
Cost of goods manufactured. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 221,800
Ending Work In Process Inventory Is Computed as:
Raw materials purchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?
Direct labor used in production . . . . . . . . . . . . . . . . . . . . . . . . . ?
Factory overhead used in production . . . . . . . . . . . . . . . . . . . . 0
Total manufacturing costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?
Total cost of work in process . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
Work in process inventory, end of year . . . . . . . . . . . . . . . . $ 0
