Homework Answers
| Answer: $123,000 |
Calculation:
| Beginning work in process = Cost of goods manufactured + Ending work in process - Total Manufacturing costs |
Total manufacturing costs:
| Particulars | $ |
| Direct Materials used | 86,000 |
| Direct Labor | 143,000 |
| Manufacturing overhead | 243,000 |
| Total Manufacturing overheads | 472,000 |
Beginning work in process:
| Particulars | $ |
| Cost of goods manufactured | 520,000 |
| Add: Ending work in process | 75,000 |
| Less: Total manufacturing costs | 472,000 |
| Beginning work in process | 123,000 |
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