Question: The Fabricating Department started the current month with a beginning Work in Process inventory of $10, 200. During the month, it was assigned the following

The Fabricating Department started the current month with a beginning Work

The Fabricating Department started the current month with a beginning Work in Process inventory of $10, 200. During the month, it was assigned the following costs: direct materials, $76, 200: direct labor, $24, 200: and factory overhead, 70% of direct labor cost. Also, inventory with a cost of $110,000 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is: $110, 600. $17, 540. $82, 138. $192, 138. $64, 740

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