The Fabricating Department started the current month with a beginning Work in Pr

Question

The Fabricating Department started the current month with a beginning Work in Process Inventory of $1100. During the month, It was assigned the following costs: direct materials, $77100; direct labor, $25,100; and factory overhead, 70% of direct labor cost. Also, inventory with a cost of $114,500 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: $113,300. $198 339 O $68970. O $16.370. O $83839.

Explanation / Answer

16,370 Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Beginning WIP         11,100.00 Add ; Addition to WIP Inventory Direct Materials         77,100.00 Direct Labour         25,100.00 Factory Overhead = 25100*70%         17,570.00 Less Transfers to next department    (114,500.00) Ending WIP         16,370.00

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