Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased. .

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Compute ending work in process inventory for a manufacturer with the following information.

Raw materials purchased. . . . . . . . . . . . . . . . . . . . . . . . $124,800

Raw materials used in production. . . . . . . . . . . . . . . . . . . 74,300

Direct labor used. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,000

Total factory overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . 95,700

Work in process inventory, beginning of year. . . . . . . . . 26,500

Cost of goods manufactured. . . . . . . . . . . . . . . . . . . . . . 221,800

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Managerial Accounting

ISBN: 9781259726972

6th Edition

Authors: John Wild, Ken Shaw

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Question Posted: Apr 23, 2015 03:11 AM

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Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased. .

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Ending work in process inventory is computed as Raw materials used in production 74300 Direct la...View the full answer

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