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At the beginning of the year, Judge Manufacturing had the following account balances: WorkinProcess Inventory 20,000 Finished Goods Inventory 8,000 Manufacturing Overhead 0 Cost of
At the beginning of the year, Judge Manufacturing had the following account balances: WorkinProcess Inventory 20,000 Finished Goods Inventory 8,000 Manufacturing Overhead 0 Cost of Goods Sold 0 Sales Revenue 0 The following additional details are provided for the year: Direct materials placed in production $82,200 Direct labor incurred 191,000 Manufacturing overhead incurred 302,000 Manufacturing overhead allocated to production 295,000 Cost of jobs completed and transferred to finished goods 502,000 Cost of Goods Sold 500,000 The ending balance in the Finished Goods Inventory account is a ________
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