The following information was taken from the accounting records of Durable Equipment Co.: Work in process inventory, beginning of the year = $45,000 Cost of direct materials used = $320,000 Direct labor cost applied to production = $200,000 Cost of finished goods manufactured = $880,000 Overhead assigned to production = $400,000 What is the amount of the work in process inventory on hand at the end of the year?

The following information was taken from the accounting records of Durable Equipment Co.: Work in process inventory, beginning of the year = $45,000 Cost of direct materials used = $320,000 Direct labor cost applied to production = $200,000 Cost of finished goods manufactured = $880,000 Overhead assigned to production = $400,000 What is the amount of the work in process inventory on hand at the end of the year?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 5EA: Sterlings records show the work in process Inventory had a beginning balance of $4000 and an ending...

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