Palmer Electronics has beginning work in process inventory of $132,000 and total manufacturing costs of $765,000. If the cost of goods manufactured is $780,000, what is the cost of the ending work in process inventory? A. $117,000 B. $155,000 C. $87,000 D. $105,000

Palmer Electronics has beginning work in process inventory of $132,000 and total manufacturing costs of $765,000. If the cost of goods manufactured is $780,000, what is the cost of the ending work in process inventory? A. $117,000 B. $155,000 C. $87,000 D. $105,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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Question

What is the cost of the ending work in process inventory on this general accounting question?

Palmer Electronics has beginning work in process inventory of
$132,000 and total manufacturing costs of $765,000. If the cost of
goods manufactured is $780,000, what is the cost of the ending work
in process inventory?
A. $117,000
B. $155,000
C. $87,000
D. $105,000

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