Compute ending work in process inventory for a manufacturer with
Compute ending work in process inventory for a manufacturer with the following information.
Raw materials purchased. . . . . . . . . . . . . . . . . . . . . . . . $124,800
Raw materials used in production. . . . . . . . . . . . . . . . . . . 74,300
Direct labor used. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,000
Total factory overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . 95,700
Work in process inventory, beginning of year. . . . . . . . . 26,500
Cost of goods manufactured. . . . . . . . . . . . . . . . . . . . . . 221,800
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