Question: ABC Manufacturing Company produces widgets using a process costing system. The following information is available for the production of Widget X during the month: Beginning

ABC Manufacturing Company produces widgets using a process costing system. The following information is available for the production of Widget X during the month:

  • Beginning Work in Process Inventory: $10,000
  • Direct Materials Added: $25,000
  • Direct Labor Costs: $15,000
  • Manufacturing Overhead Costs: $20,000
  • Ending Work in Process Inventory: 8,000 units
  • Units Started and Completed: 2,000 units

What is the cost of ending work in process inventory

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