Homework Answers
| Answer | |||
| Answer is D $ 2,300 | |||
|
Cost of goods completed |
$ 110,000 | ||
| Add: Ending inventory of WIP | $ 42,000 | ||
| Total cost of Work in process | $ 152,000 | ||
| Less: Current Manufacturing cost | |||
| Direct material consumed | $ 41,700 | ||
| Direct labor cost (60000/125%) | $ 48,000 | ||
| Mfg Overheads applied | $ 60,000 | ||
| Total Current manufacturing cost | $ 149,700 | ||
| Beginning Inventory of WIP | $ 2,300 | ||
| Answer is D $ 2,300 | |||
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3
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3
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