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What will Oumou Company report for its ending work in process account in March? Below is information for March: Incurred rent expense of $22,000 at
What will Oumou Company report for its ending work in process account in March? Below is information for March:
- Incurred rent expense of $22,000 at its administrative office.
- Purchased $200,000 of raw materials and used $120,000 of direct raw materials in production.
- Incurred $700,000 of direct labor
- Manufacturing overhead applied was $600,000 for the month.
- The beginning balance in work in process was $50,000 on March 1st.
- During the month $300,000 was moved out of work in process to finished goods.
- During the month $210,000 of goods were sold.
PS: Just enter the number. No dollar signs or commas.
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