Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased...

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Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased Direct ma

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Answer 1

Answer #1

Ending Work in Process Inventory is Computed as:
Direct materials used in production	$86,800
Direct labor used in production	$55,000
Factory overhead used in production	$101,300

Total manufacturing costs	$243,100
Add: Work in process inventory, beginning of year	$28,000
Total cost of work in process	$271,100
Less: Cost of goods manufactured	($236,800)
Work in process inventory, end of year	$34,300

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Answer 2

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