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The following information was taken from the accounting records of Fessler Tool Corporation. Work in process inventory, beginning of the year $ 35,000 Cost of
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process inventory, beginning of the year $ 35,000 Cost of direct materials used 270,000 Direct labor cost applied to production 140,000 Cost of finished goods manufactured 707,750 Overhead assigned to production was $300,000. Compute the amount of the work in process inventory on hand at year-end.
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