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Here are selected data for Groucho Corporation: Beginning raw materials inventory $37,000 Beginning work in process inventory 71,500 Beginning finished goods inventory 57,500 Cost of
Here are selected data for Groucho Corporation:
Beginning raw materials inventory | $37,000 | Beginning work in process inventory | 71,500 |
Beginning finished goods inventory | 57,500 | Cost of materials purchased | 151,000 |
Cost of direct materials requisitioned | 91,300 | Direct labour incurred | 127,000 |
Actual manufacturing overhead | 160,000 | Cost of goods manufactured | 293,000 |
Cost of goods sold | 257,000 | Manufacturing overhead rate (% of direct labour) | 120% |
34) What is the ending work in process inventory balance at Groucho Corporation?
Question 4 options:
$198,900 | |
$149,200 | |
$139,200 | |
$159,200 |
Here are selected data for Groucho Corporation:
Beginning raw materials inventory | $37,000 | Beginning work in process inventory | 71,500 |
Beginning finished goods inventory | 57,500 | Cost of materials purchased | 151,000 |
Cost of direct materials requisitioned | 91,300 | Direct labour incurred | 127,000 |
Actual manufacturing overhead | 160,000 | Cost of goods manufactured | 293,000 |
Cost of goods sold | 257,000 | Manufacturing overhead rate (% of direct labour) | 120% |
34) What is the ending work in process inventory balance at Groucho Corporation?
Question 4 options:
$198,900 | |
$149,200 | |
$139,200 | |
$159,200 |
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