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The following chart shows how costs flow through a business as a product is manufactured. how do i find the total work in process and
The following chart shows how costs flow through a business as a product is manufactured.
how do i find the total work in process and work in process inventory, ending?
Materials Activity Raw materials purchases $572,000 Raw materials Inventory, beginning $155,500 Raw materials available for use in production $ 727500 Raw materials Inventory. Ending $195,000 Direct materials used in production $ 532500 S Production Activity Direct labor used in production $390,000 Factory overhead used in production $790,000 Work in process Inventory, beginning $94,500 Total work in process Work in process Inventory, ending Cost of goods manufactured $1,603,500 Sales Activity Finished goods Inventory, beginning $ 141750 Cost of goods available for salo Finished goods Inventory, ending $140,950 $1,745,250 Cost of goods sold 10421 Step by Step Solution
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