The production department started the month with a beginning goods in process inventory of $20,000. During the
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The production department started the month with a beginning goods in process inventory of $20,000. During the month, it was assigned the following costs: direct materials, $152,000; direct labor, $45,000; overhead applied at the rate of40% of direct labor cost. Inventory with a cost of $218,000 was transferred to finished goods. The ending balance of goods in process inventory is
a. $330,000.
d. $112,000.
b. $ 17,000.
e. $118,000.
c. $220,000.
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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