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Here are selected data for Day Corporation: Beginning raw materials inventory $37,000 Beginning work in process inventory 61,500 Beginning finished goods inventory 56,300 Cost of
Here are selected data for Day Corporation:
Beginning raw materials inventory | $37,000 | Beginning work in process inventory | 61,500 |
Beginning finished goods inventory | 56,300 | Cost of materials purchased | 151,000 |
Cost of direct materials requisitioned | 91,300 | Direct labor incurred | 125,000 |
Actual manufacturing overhead | 160,000 | Cost of goods manufactured | 287,000 |
Cost of goods sold
| 265,000
| Manufacturing overhead rate (% of direct labor) | 125%
|
Calculate the ending work in process inventory balance?
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