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Job 101 Job 102 Job 103 Material $2,000,000 $3,000,000 $500,000 Labor 132,000 144,000 36,000 Overhead 550,000 600,000 150,000 $2,682,000 $3,744,000 $686,000 ========= ========= ========= Jobs

Job 101

Job 102

Job 103

Material

$2,000,000

$3,000,000

$500,000

Labor

132,000

144,000

36,000

Overhead

550,000

600,000

150,000

$2,682,000

$3,744,000

$686,000

=========

=========

=========

Jobs 102 & 103 are completed during the period. Material and overhead are paid upon delivery. Direct labor is paid on the day earned. What is the amount of Work-In-Process Ending Inventory?

a.

$2,000,000

b.

$2,132,000

c.

$2,682,000

d.

$4,430,000

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