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Jack Manufacturing Company had beginning work in process inventory of $13,000. During the period, Jack transferred $39,000 of raw materials to work in process. Labor
Jack Manufacturing Company had beginning work in process inventory of $13,000. During the period, Jack transferred $39,000 of raw materials to work in process. Labor costs amounted to $46,000 and overhead amounted to $41,000. If the ending balance in work in process inventory was $17,000, what was the amount transferred to finished goods inventory? Multiple Choice $122,000. $139,000. X $156,000. none of the above
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