River Falls Manufacturing uses a normal cost system and had the following data available for 2018: Direct
Fantastic news! We've Found the answer you've been seeking!
Question:
River Falls Manufacturing uses a normal cost system and had the following data available for 2018:
Direct materials purchased on account $148,000
Direct materials ordered 88,000
Direct labor cost incurred 127,000
Factory overhead incurred 148,000
Cost of finished goods 299,000
Cost of goods sold 250,000
Beginning direct materials inventory 34,000
Beginning WIP inventory 70,000
Beginning finished goods inventory 55,000
Overhead application rate, as a percentage of direct labor costs 105 percent
Calculate the ending balance of work in process inventory
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Posted Date: