If the cost of the beginning work in process inventory is $85,500, costs of goods manufactured is $985,000, direct materials cost is $349,000, direct labor cost is $229,000, and overhead cost is $334,000, calculate the ending work in process inventory. a. $336,500 b. $407,000 c. $73,000 d. $12,500 c. $158,500

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 5EA: A company has 1,500 units in ending work in process that are 30% complete after transferring out...
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If the cost of the beginning work in process inventory is $85,500, costs
of goods manufactured is $985,000, direct materials cost is $349,000,
direct labor cost is $229,000, and overhead cost is $334,000, calculate
the ending work in process inventory.
a. $336,500
b. $407,000
c. $73,000
d. $12,500
c. $158,500
Transcribed Image Text:If the cost of the beginning work in process inventory is $85,500, costs of goods manufactured is $985,000, direct materials cost is $349,000, direct labor cost is $229,000, and overhead cost is $334,000, calculate the ending work in process inventory. a. $336,500 b. $407,000 c. $73,000 d. $12,500 c. $158,500
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