The following information was taken from the accounting records of Fessler Tool Corporation. Work in process...

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The following information was taken from the accounting records of Fessler Tool Corporation. Work in process...

The following information was taken from the accounting records of Fessler Tool Corporation.

Work in process inventory, beginning of the year $ 35,000

Cost of direct materials used 255,000

Direct labor cost applied to production 135,000

Cost of finished goods manufactured 688,750

Overhead assigned to production was $300,000.

Compute the amount of the work in process inventory on hand at year-end.

business accounting

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Answer 1

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work in process inventory on hand at year-end. $ 36,250 Working Notes: Fessler Tool Corporation Schedule of Cost of Goods Man

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Answer 2

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