Homework Answers
Answer: C. $ 10,200
Explanation
Work-in-Process Inventory on December 31 = Beginning Work-in-Process Inventory + Direct materials + Direct Labor + Manufacturing Overhead – Ending Finished goods
= 30,300 + 58,500 + 64,500 + (64,500 x 120%) - 220,500
=30,300 + 58,500 + + 64,500 + 77,400 - 220,500
= $ 10,200
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