Direct Labor Units Work-in-process inventory, July 1 Started during the quarter Completed during the quarter Work-in-process inventory, September 30 Costs added during the quarter 100 $ 50,000 500 400 200 $775,000 Beginning work-in-process inventory was 50% complete for direct labor. Ending work-in-process inventory was 75% complete for direct labor. What is the total value of the direct labor in the ending work-in-process inventory using the weighted-average method? 1. $183,000 3. $225,000 2. $194,000 4. $210,000

Direct Labor Units Work-in-process inventory, July 1 Started during the quarter Completed during the quarter Work-in-process inventory, September 30 Costs added during the quarter 100 $ 50,000 500 400 200 $775,000 Beginning work-in-process inventory was 50% complete for direct labor. Ending work-in-process inventory was 75% complete for direct labor. What is the total value of the direct labor in the ending work-in-process inventory using the weighted-average method? 1. $183,000 3. $225,000 2. $194,000 4. $210,000

Name: Penn Manufacturing Corporation uses a process-costing system to manufa
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Description: Penn Manufacturing Corporation uses a process-costing system to manufacture printers for PCs. The following information summarizes operations for its NoToner model during the quarter ending September 30, Year 1: DirectLaborUnitsWork-in-process invent

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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