Question: Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased $131,000 Direct materials used 82,600 Direct labor used 53,000
Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased $131,000 Direct materials used 82,600 Direct labor used 53,000 Total factory overhead 109,000 Work in process inventory, beginning of year Cost of goods manufactured 28,400 236,800 Ending Work in Process Inventory is Computed as: Total manufacturing costs Total cost of work in process Work in process inventory, end of year
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