Question
Sheffield Corp. developed the following data for the current year: Initial work-in-process inventory $300000 direct materials used 194000 Actual Overhead 338000 Overhead Charges Applied 266000
Sheffield Corp. developed the following data for the current year:
Initial work-in-process inventory | $300000 |
direct materials used | 194000 |
Actual Overhead | 338000 |
Overhead Charges Applied | 266000 |
cost of manufactured goods | 314000 |
Total manufacturing costs | 880000 |
What is Sheffield Corp.'s ending work-in-process inventory?
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