Question: Compute ending work in process inventory for a manufacturer using the following information. Raw materials purchased Direct materials used Direct labor used Factory overhead
Compute ending work in process inventory for a manufacturer using the following information. Raw materials purchased Direct materials used Direct labor used Factory overhead Work in process inventory, beginning Cost of goods manufactured Ending Work in Process Inventory is Computed as: Work in process inventory, beginning Direct materials used $ 124,000 74,000 55,000 95,000 26,000 220,000 FA 26,400 es Total manufacturing costs Total cost of work in process 26,400 Work in process inventory, ending $ 26,400 1
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