Comfy Furniture has work in process inventory valued at $30,000 (60% complete) on March 1. During March, they spent $80,000 on additional costs and completed 75% of the work. Calculate the ending work in process inventory value.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 5EA: A company has 1,500 units in ending work in process that are 30% complete after transferring out...
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Comfy Furniture has work in process inventory valued at
$30,000 (60% complete) on March 1. During March, they
spent $80,000 on additional costs and completed 75% of
the work. Calculate the ending work in process inventory
value.
Transcribed Image Text:Comfy Furniture has work in process inventory valued at $30,000 (60% complete) on March 1. During March, they spent $80,000 on additional costs and completed 75% of the work. Calculate the ending work in process inventory value.
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