The data for a work in process inventory account for a company follows: Beginning Work In Process Inventory Direct Materials Used Direct Labor $115,000 $85,000 $45,000 $70,000 Overhead Applied Completed and transferred to ?? Finished Goods Ending Work In Process Inventory Calculate the amount completed and transferred to finished goods. $195,000 $65,000 $565,000 $135,000 $250,000
The data for a work in process inventory account for a company follows: Beginning Work In Process Inventory Direct Materials Used Direct Labor $115,000 $85,000 $45,000 $70,000 Overhead Applied Completed and transferred to ?? Finished Goods Ending Work In Process Inventory Calculate the amount completed and transferred to finished goods. $195,000 $65,000 $565,000 $135,000 $250,000
Chapter5: Process Costing
Section: Chapter Questions
Problem 14PA: Loanstar had 100 units in beginning inventory before starting 950 units and completing 800 units....
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![The data for a work in process inventory account for a company follows:
Beginning Work In Process
Inventory
Direct Materials Used
Direct Labor
$115,000
$85,000
$45,000
$70,000
Overhead Applied
Completed and transferred to
??
Finished Goods
Ending Work In Process
Inventory
Calculate the amount completed and transferred to finished goods.
$195,000
$65,000
$565,000
$135,000
$250,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0c52734-4940-4b15-9b91-1f3f667f5e2d%2Fb27a636f-85a6-4a14-bc5f-377881b2c593%2Fu7q71eg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The data for a work in process inventory account for a company follows:
Beginning Work In Process
Inventory
Direct Materials Used
Direct Labor
$115,000
$85,000
$45,000
$70,000
Overhead Applied
Completed and transferred to
??
Finished Goods
Ending Work In Process
Inventory
Calculate the amount completed and transferred to finished goods.
$195,000
$65,000
$565,000
$135,000
$250,000
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