Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting

Authors: Bernard J. Bieg, Judith Toland

21st Edition

1111531056, 978-1111531058

More Books

Students also viewed these Accounting questions

Question

Rriherv in Internal

Answered: 1 week ago