Compute the ending balance in the Work in Process inventory account Assume that this balance consists entirely of goods started during the year If $32,800 of this balance is direct materials cost, how much of it is direct labour cost Manufacturing overhead cost Selected ledger accounts for Realm Company are given below for the just completed year Raw Materials Bal 1 1 38,000 Credits Debits 460,000 Bal 31 12 76,000 Manufacturing Overhead Debits 403,400 Credits Work in Process Bal 1 1 82,000 Credits 870,000 Direct materials 336,000 Direct labour 126,000 Overhead 420,000 Bal 31 12 Factory Wages Payable Debits 199,000 Bal 1 1 18,000 Credits 195,000 Bal 31 12 14,000 Finished Goods Bal 1 1 54,400 Credit Debits Bal 31 12 154,000 Cost of Goods Sold Debits

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Question: Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $32,800

Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $32,800 of this balance is direct materials cost, how much of it is direct labour cost? Manufacturing overhead cost?

Selected ledger accounts for Realm Company are given below for the just-completed year:

Raw Materials


Bal. 1/1	38,000	Credits	?
Debits	460,000

Bal.31/12	76,000

Manufacturing Overhead


Debits	403,400		Credits	?

Work in Process


Bal. 1/1	82,000	Credits	870,000
Direct materials	336,000
Direct labour	126,000
Overhead	420,000

Bal. 31/12	?

Factory Wages Payable


Debits	199,000	Bal. 1/1	18,000
		Credits	195,000

		Bal. 31/12	14,000

Finished Goods


Bal. 1/1	54,400	Credit	?
Debits	?

Bal. 31/12	154,000

Cost of Goods Sold


Debits	?

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