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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcbc40e7d-0f9b-4ebc-bdaf-d392b9bc8d12%2F3d16728f-1bc5-49b4-a446-331c7183c76d%2Fntlajvv_processed.png&w=3840&q=75)
Transcribed Image Text: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
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