Bramble Corp. developed the following data for the current year: Beginning work in process inventory $290000 Direct materials used 184000 Actual overhead 328000 Overhead applied 256000 Cost of goods manufactured 304000 Total manufacturing costs 850000 Bramble Corp.'s ending work in process inventory is $256000. $560000. $546000. $836000.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Bramble Corp. developed the following data for the current year:

Beginning work in process inventory $290000
Direct materials used 184000
Actual overhead 328000
Overhead applied 256000
Cost of goods manufactured 304000
Total manufacturing costs 850000


Bramble Corp.'s ending work in process inventory is

$256000.
$560000.
$546000.
$836000.
Expert Solution
Step 1

Work in process (WIP) also called in-process inventory are the company’s partially finished goods which are yet to be completed. The figures of WIP are listed in company’s balance sheet.

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