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The Fabricating Department started the current month with a beginning Work in Process inventory of $10.800. During the month, it was assigned the following costs:
The Fabricating Department started the current month with a beginning Work in Process inventory of $10.800. During the month, it was assigned the following costs: direct materials $76.800, direct labor, $24800, and factory overhead, 70% of direct labor cost. Also, Inventory with a cost of $113,000 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 $100.272
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