Compute ending work in process inventory for a manufacturer using the following information. Raw materials purchased Direct materials used Direct labor used Factory overhead Work in process inventory, beginning Cost of goods manufactured Ending Work in Process Inventory is Computed as: Work in process inventory, beginning Factory overhead Direct labor used Direct materials used Raw materials purchased Total manufacturing costs Total cost of work in process Less: Cost of goods manufactured Work in process inventory, ending $ 126,600 70,000 53,000 104, 100 29, 200 222, 800 $ 104,100 53,000 70,000 126,600 353,700 353,700 222,800 130,900

Compute ending work in process inventory for a manufacturer using the following information. Raw materials purchased Direct materials used Direct labor used Factory overhead Work in process inventory, beginning Cost of goods manufactured Ending Work in Process Inventory is Computed as: Work in process inventory, beginning Factory overhead Direct labor used Direct materials used Raw materials purchased Total manufacturing costs Total cost of work in process Less: Cost of goods manufactured Work in process inventory, ending $ 126,600 70,000 53,000 104, 100 29, 200 222, 800 $ 104,100 53,000 70,000 126,600 353,700 353,700 222,800 130,900

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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