The following year-end information was reported: Beginning Work in Process Inventory = $42,000 . Beginning Raw Materials Inventory = $21,000 Ending Work in Process Inventory = $45,000 Ending Raw Materials Inventory = $18,500 . Raw Materials Purchased = $600,000 Direct Labor = $225,000 . Manufacturing Overhead = $130,000 What is the total cost of work in process for the year?

The following year-end information was reported: Beginning Work in Process Inventory = $42,000 . Beginning Raw Materials Inventory = $21,000 Ending Work in Process Inventory = $45,000 Ending Raw Materials Inventory = $18,500 . Raw Materials Purchased = $600,000 Direct Labor = $225,000 . Manufacturing Overhead = $130,000 What is the total cost of work in process for the year?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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