What is the cost of the ending work in process inventory? Fairview Manufacturing has a beginning work-in-process inventory of $182,000 andtotal manufacturing costs of $915,000. If the cost of goods manufactured is$880,000, what is the cost of the ending work-in-process inventory?A. $217,000B. $134,000C. $217,000D. $165,000

Step 1:Given,Beginning work-in-process inventory: $182,000Total manufacturing costs: $915,000Cost of…

Answered: Fairview Manufacturing has a beginning…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...

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Fairview Manufacturing has a beginning work-in-process inventory of $182,000 and total manufacturing costs of $915,000. If the cost of goods manufactured is $880,000, what is the cost of the ending work-in-process inventory? A. $217,000 B. $134,000 C. $217,000 D. $165,000