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Wavy Company had a beginning work in process inventory balance of $ 32 comma 800$32,800. During the year, $ 55 comma 300$55,300 of direct materials
Wavy Company had a beginning work in process inventory balance of
$ 32 comma 800$32,800.
During the year,
$ 55 comma 300$55,300
of direct materials was placed into production. Direct labor was
$ 64 comma 200$64,200 ,
and indirect labor was
$ 20 comma 400$20,400.
Manufacturing overhead is allocated at
120120 %
of direct labor costs. Actual manufacturing overhead was
$ 86 comma 600$ 86,600,
and jobs costing
$ 225 comma 400$225,400
were completed during the year. What is the ending work in process inventory balance?
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