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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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