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.

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.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter5: Product And Service Costing: Job-order System

Section: Chapter Questions

Problem 15E: On August 1, Cairle Companys work-in-process inventory consisted of three jobs with the following...

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Question

WIP

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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