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7) Here are selected data for Tyler Corporation: 2 Cost of materials purchases on account Cost of materials requisitioned (includes $4,500 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods manufactured Cost of goods soldado 35 Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) What is the balance in work in process inventory at the end of the year? A) $30,300 B) $27,700 C) $49,200 D) $23,800 = = Normal Terbar No Spacing Head Kerde 7) Here are selected data for Tyler Corporation: $68,000 51,000 77,000 Cost of materials purchases on account Cost of materials requisitioned (includes $4,500 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods manufactured Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) 223,000 151,000 14,500 29,700 32,800 130% What is the balance in work in process inventory at the end of the year? A) $30,300 B) $27,700 C) $49,200 D) $23,800 Answer: A