Answered

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The Machining Department started the current month with a beginning work in process inventory of $25,000. During the month, it was assigned the following costs: direct materials, $80,000; direct labor, $96,000; and factory overhead, 25% of direct labor cost. Also, inventory with a cost of $120,000 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 Machining Department is: $9,000. $81,000. $105,000. $200,000.

Sagot :

Zviko

Answer:

$105,000

Explanation:

Ending Balance = Opening Balance + Additional Cost - Transfer out

therefore,

Ending Balance = $25,000 + $80,000 + $96,000 + $96,000 x .025 - $120,000 = $105,000

therefore,

The ending balance of the Work in Process Inventory account for the Machining Department is: $105,000

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