Question

The Kapanga Marrofacturing Company began operations on December 1, 2019, with two orders and received another order in early December Kapinga allocates overhead based on machine hours. As it started up its business, Kapanga estimated that it would incur the following costs and activity levels during the rest of the year be mouth of December): Manufacturing Overhead would be 530,000, direct Inbor how would be 2,000, machine bours would be 6.000, and direct labor dollars would be 540,000. At the end of the year. Kapag adjusts COGS to reflect any over-or underapplied manufacturing overhead. The company incurred the following during December

 In December, Kapanga completed Job A10 and sold it for 50.000. Kapanga completed lsb B20 but did not sell it. Job C30 is incomplete, as of the end of December. Kapag and the mouth of December with $15,000 in beginning Raw Materials inventory and purchased $70,000 of Raw Materials in December Kapanga charged all the materials it removed from the Raw Materials love story to its three jobs. 

Compute the December 31, 2019 ending balance in Work-in-Process Inventory 

Answer 1

Job C30 is not yet completed and rest the Jobs, Jobs A10 and Job B20(which is not yet sell) are completed which means there will be no work in progress inventory in them so the work in inventory will lie under the JOB C30, therefore the work in progress of the month of December will be $10,000 which is the direct materials of JOB C30.

Ans since no information related to the opening balance of work in progress is not given so we will assume that there was no work in progress at the begining of the month. So Work-in-Progress at the end of December is $10,000.