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The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts.
Direct Materials Inventory | |||
Beg. Bal. | 8,400 | ? | Transferred Out |
Purchases | ? | ||
End. Bal. | 6,800 |
Cost of Goods Sold | |||
61,000 | |||
Work-in-Process Inventory | |||
Beg. Bal. | 7,900 | ? | Transferred Out |
Materials | 18,800 | ||
Labor | 13,900 | ||
Overhead | 8,400 | ||
End. Bal. | ? |
Finished Goods Inventory | |||
Beg. Bal. | ? | ? | Transferred Out |
Transferred in | 39,900 | ||
End. Bal. | 4,600 |
What is the value of the ending Work-in-Process inventory balance?
Multiple Choice
a) $0.
b) $4,600.
c) $9,100.
d) $8,400.
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