Question: thank3you The Work in Process Inventory account had a beginning balance of $16,200 on April 1. During April, the cost of direct materials used was

thank3you

The Work in Process Inventory account had a beginning balance of $16,200 on April 1. During April, the cost of direct materials used was $400,000 and direct labor cost assigned to production was $56.000. A total of $72,000 of overhead was assigned to production in Aprit. If the cost of finished goods manufactured was 5523.500, what was the balance in the Work in Process Inventory account on April 302 Ending balance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Suppose that a learning algorithm is trying to find a consistent hypothesis when the classifications of examples are actually random. There are u Boolean attributes, and examples are drawn uniformly...

ACCT 346 Midterm Exam Solution 100% Correct Answers Follow Link Below To Get Tutorial https://homeworklance.com/downloads/acct-346-midterm-exam-solution-100-correct-answers/ Description: (TCO 1)...

Red Runner's Work in Process Inventory account has a beginning balance of $50,000 and an ending balance of $40,000. Direct materials used are $70,000 and direct labor used totals $35,000. Cost of...

Red Runners Work in Process Inventory account has a beginning balance of $50,000 and an ending balance of $40,000. Direct materials used are $70,000, and direct labor used totals $35,000. Cost of...

Ink Technology's Work in Process Inventory account has a beginning balance of $50,000 and an ending balance of $40,000. Direct materials used are $70,000 and direct labor incurred totals $35,000....

Quicker Company uses a job order costing system. On May 1, Quicker Company's Work in Process Inventory account shows a beginning balance of $161,000. Production activity for May was as follows:...

The Work in Process Inventory account had a beginning balance of$18,000 on April 1. During April, the cost of direct materials usedwas $420,000 and direct labor cost assigned to production was$60,0 1...

2. The following activities took place in the work in process inventory account during April: Beginning balance Direct materials used s 15, 000 120,000 Total manufacturing labor incurred in April was...

The Work in Process Inventory account had a beginning balance of $16,200 on April 1. During April, the cost of direct materials used was $408,000 and direct labor cost assigned to production was...

Robinson Manufacturing found the following information in its accounting records $529,200 of direct materials used, 5221,500 of direct labor, and $774,500 of manufacturing overhead. The Work in...

Refer to Exercise. Determine the standard error of estimate and the coefficient of determination. Interpret the coefficient of determination. Discuss.

Eat at State is considering buying a new food truck. It will cost $65,000, but is expected to generate $20,000 in sales over the next 4 years. At the end of the 4th year, the truck will be sold to...

Find the notice that provides the optional standard mileage rate for 2 0 1 6 for the business use of an auto. What is the standard mileage rate? Provide a proper citation for the notice.

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Think about the last major purchase you made. Now consider the information you had prior to the purchase (advertisements, reviews in the media, advice from others). Did you rely primarily on...

Persuading Your Audience Strategies for

During a campaign season, pay attention to the candidates speeches and debates, or visit presidentialrhetoric.com to view current and past presidential speeches. How often does the speaker put forth...