Question: Determine the work-in-process inventory.

Cheyenne Company allocates overhead on the basis of direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the period was set at 9,900 units. Manufacturing overhead is estimated at $148,500 for the period (with 20% of this cost being fixed). The 19,000 hours worked during the period resulted in the production of 9,400 units. The variable manufacturing overhead cost incurred was $119,100, and the fixed manufacturing overhead cost was $30,600. Cheyenne Company allocates overhead on the basis of direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the period was set at 9,900 units. Manufacturing overhead is estimated at $148,500 for the period (with 20% of this cost being fixed). The 19,000 hours worked during the period resulted in the production of 9,400 units. The variable manufacturing overhead cost incurred was $119,100, and the fixed manufacturing overhead cost was $30,600