Question: Using the following data, calculate the beginning work in process inventory. Cost of goods sold ..........P70 Direct labor ................P20 Direct materials ............P15 Cost of goods

Using the following data, calculate the beginning work in process inventory.

Cost of goods sold ..........P70

Direct labor ................P20

Direct materials ............P15

Cost of goods manufactured ..P80

Work in process beginning ...... P25

Finished goods ending .......P15

Manufacturing overhead ......P30

The ending work in process inventory is:

a. P10.

b. P15.

c. P55.

d. P25

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!