XyD Test #1 Acctg 4B (Chapte 03 Dreams Manufacturin/X ? McGraw-Hill Connect × tC

Question

XyD Test #1 Acctg 4B (Chapte 03 Dreams Manufacturin/X ? McGraw-Hill Connect × tC D ezto.mheducation.com/hm.tpx connect ACCOUNTING Test #1 Acctg 48 (Chapters 13, 14, 15, 16, & 17) 2. Compute ending work in process inventory for a manufacturer with the following information Raw materials purchased Raw materials used in production Direct labor used Total factory overhead Work in process inventory, beginning of year Cost of goods manufactured $135,400 74,200 63,000 108,300 30,000 228,400 Ending Work in y is C ted as: Total manufacturing costs Total cost of work in process Work in process inventory end of year O Type here to search

Explanation / Answer

Direct labor used 63000 Total Factory overhead 108300 Raw materials used in production 74200 Total Manufacturing costs 245500 Add: Work in process at beginning of the year 30000 Total Cost of work in process 275500 Less : Cost of goods manufactured 228400 Work in process inventory end of the year          $ 47100

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