ters 2 to 4) Help Save Hardigree Corporation uses a job-order costing system. Th

Question

ters 2 to 4) Help Save Hardigree Corporation uses a job-order costing system. The following data relate to the just completed month's operations Beginning balance in Work in Process (1) Raw materials purchased on account (2)Direct materials requisitioned for use in production $161,888 (3) Indirect materials requisitioned for use in production $ 42,000 (4) Direct labor wages incurred (5) Indirect labor wages incurred (6) Depreciation recorded on factory equipment (7) Additional manufacturing overhead costs incurred (8)Manufacturing overhead costs applied to jobs (9) Cost of jobs completed and transferred from Work in 36,900 $207,000 $101,000 42,000 57,000 $219,000 0 9 $403,000 Process to Finished Goods The ending balance in the Work in Process account is closest to: Next>

Explanation / Answer

C.$100,000.

ending balance in work in process account is:

beginning work in process $36,000 direct materials used in production $161,000 direct labour wages $87,000 manufacturing overhead applied $219,000 less: cost of jobs completed and transferred from work in process ($403,000) ending work in process $100,000

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