Question
Beginning inventories: Raw materials $33,000 Work in process $20,000 Finished goods $35,000 Estimated total manufacturing overhead at the beginning of the year $567,000 Estimated direct
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| Beginning inventories: |
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| Raw materials | $33,000 |
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| Work in process | $20,000 |
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| Finished goods | $35,000 |
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| Estimated total manufacturing overhead at the beginning of the year | $567,000 |
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| Estimated direct labor-hours at the beginning of the year | 36,000 | direct labor-hours |
Results of operations:
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| Raw materials purchased on account | $497,000 |
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| Raw materials (all direct) requisitioned for use in production | $452,000 |
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| Direct labor cost | $591,000 |
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| Actual direct labor-hours | 45,000 | direct labor-hours |
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| Manufacturing overhead: |
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| Indirect labor cost | $124,000 |
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| Other manufacturing overhead costs incurred | $598,000 |
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| Cost of goods manufactured | $1,557,000 |
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What is the ending balance in Work in Process?
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