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Question $23$

Assume the following information from a schedule of cost of goods manufactured:

Cost of goods manufactured

$$158,000$

Beginning work in process inventory

$$30,000$

Direct materials used in production

$$50,000$

Manufacturing overhead applied to work in process $$90,000$

Total manufacturing costs to account for

$$226,500$

What is the ending work in process inventory?

$$158,500$

$$68,500$

$$118,500$

$$98,500$