Question: Twisted Pretzel, Inc. had beginning Work In Process Inventory (WIP) of $10,000 and makes only one product. It incurred the following costs during the year;

Twisted Pretzel, Inc. had beginning Work In Process Inventory (WIP) of $10,000 and makes only one product. It incurred the following costs during the year; Factory production worker wages $ 70,000 Direct materials 20.000 Allocated factory rent 20.000 Allocated factory utilities 70.000 Sales commissions 100,000 At the end of the year WIP totaled $ 5,000 Calculate the total costs of goods manufactured and transferred to Finished Goods Inventory

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