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What will the anderson company report for its ending work in process account in march? Below is information for March: - purchased $200,000 of raw
What will the anderson company report for its ending work in process account in march? Below is information for March:
- purchased $200,000 of raw materials and used $120,000 of direct raw materials in production
- incurred $700,000 of direct labor
- incurred depreciation expense of $22,000 at its administrative office
- manufacturing overhead applied was $200,000 for the month
- the beginning balance in work in process was $70,000 on March 1st.
- During the month $400,000 was moved out of work in process to finished goods
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