D Question 11 A company had a beginning work in process (WIP) inventory balance of $32,900. During the year, $55,100 of direct materials was placed into production Direct labor was $64,400, and Indirect labor was $19,900. Manufacturing overhead is allocated at 140% of direct labor costs. Actual manufacturing overhead was $86,500, and Cost of Goods Manufactured totaled $225,000. What is the ending work in process inventory balance? $90.160 $17.160. Ⓒ$13.500 O$187460

D Question 11 A company had a beginning work in process (WIP) inventory balance of $32,900. During the year, $55,100 of direct materials was placed into production Direct labor was $64,400, and Indirect labor was $19,900. Manufacturing overhead is allocated at 140% of direct labor costs. Actual manufacturing overhead was $86,500, and Cost of Goods Manufactured totaled $225,000. What is the ending work in process inventory balance? $90.160 $17.160. Ⓒ$13.500 O$187460

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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