Brazil Boots reported a cost of goods manufactured of $313,000. Supplemental information shows raw materials purchases of

Question:

Brazil Boots reported a cost of goods manufactured of $313,000. Supplemental information shows raw materials purchases of $60,000, raw materials used in production of $90,000, direct labor of $107,000, and manufacturing overhead of $113,000. You also know that the company's ending work in process was 40% of its beginning work in process (WIP). Required: Determine the balance in Brazil's ending WIP.