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The Fabricating Department started the current month with a beginning Work in Process inventory of $11,700. During the month, it was assigned the following costs:
The Fabricating Department started the current month with a beginning Work in Process inventory of $11,700. During the month, it was assigned the following costs: direct materials, $77,700; direct labor, $25,700; and factory overhead, 60% of direct labor cost. Also, inventory with a cost of $117,500 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is: Multiple Choice $188,792. $115,100. $13,020. $71,292 $69,220
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