Question
The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. Work in Process
The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory.
| Work in Process Inventory | |||
| Beginning WIP | 5,000 | ||
| Direct materials | 47,600 | ||
| Direct labor | 30,100 | ||
| Applied overhead | 16,300 | ||
| To finished goods | ? | ||
| Ending WIP | 9,900 | ||
The cost of jobs transferred to finished goods is:
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Accounting A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
7th Edition
0075615851, 978-0075615859
