Answered

Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Get immediate and reliable solutions to your questions from a knowledgeable community of professionals on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Assume the following information from a schedule of cost of goods manufactured: Cost of goods manufactured $ 158,000 Beginning work in process inventory $ 26,800 Direct materials used in production $ 50,000 Manufacturing overhead applied to work in process $ 90,000 Total manufacturing costs added to production $ 200,000 What is the ending work in process inventory

Sagot :

abiolataiwo2015

Answer:

$68,800

Explanation:

Calculation for What is the ending work in process inventory

Using this formula

Ending work in progress = Beginning work in progress + Total manufacturing cost added to production - Cost of goods manufactured

Let plug in the formula

Ending work in progress =$26,800+$200,000-$158,000

Ending work in progress=$68,800

Therefore the ending work in process inventory will be $68,800

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.