Solution-Compute the ending balance of the Work in Process

Compute the ending balance of the Work in Process Inventory

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Question - D The Fabricating Department started the current month with a beginning Work in Process inventory of $10,000. During the month, it was assigned the following costs: direct materials, $76,000; direct labor, $24,000; and factory overhead, 50% of direct labor cost. Also, inventory with a cost of $109,000 was transferred out of the department to the next phase in the process. Compute the ending balance of the Work in Process Inventory account for the Fabricating Department?

A) $13,000.

B) $56,000.

C) $59,000.

D) $110,000

E) $165,000.

Reference no: EM132483421

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Compute the ending balance of the Work in Process Inventory

Reference no: EM132483421

Reference no: EM132483421

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