Chapter 18, Problem 7QS

To determine

Work in process:

Work in process also referred as work in progress or goods in progress is the value of partially completed goods that are still in the process of production and waiting for its completion for an eventual sale. It is the total of all production costs involved in the production of partially completed goods. It includes direct costs, direct labor and factory or manufacturing overheads used in the production process.

Work in process is measured at the end of the accounting period in order to analyse accurate value and quantity of incomplete goods that remains in production floor.

To calculate:

The ending work in process inventory for a manufacturer with the given information.