At the beginning of 2011 work in process included 7200 of

Reference no: EM13594788

What is the balance of the work in process on December 31.

At the beginning of 2011, work in process included $7200 of direct materials, $11,000 of direct labor, and $8,000 of factory overhead.

$60,000 of material and $40,000 of labor was added during the year, along with $40,000 of factory overhead.
Material is added to the process in a lump sum at the beginning and labor is added evenly during the process.
The work in process inventory was 20% complete on January 1, 2011 and 40% complete on December 31, 2011.
8000 units were in process on January 1 and 40,000 units were added during the year.
5000 units were in ending work in the ending work in process inventory.

What is the balance of the work in process on December 31.

Reference no: EM13594788

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