What amount of work in process inventory was transferred out

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Reference no: EM132822467

On January 31, a snowstorm damaged the office of a small business, and some of the accounting information stored in the computer's memory was lost. The following information pertaining to January activities was retrieved from other sources:

Direct materials purchased $18,000
Work in process-beginning inventory 2,000
Direct materials-beginning inventory 6,000
Direct materials-ending inventory 10,000
Finished goods-beginning inventory 12,000
Finished goods-ending inventory 2,500
Sales 60,000
Manufacturing overhead and direct labour incurred 22,000
Gross profit percentage based on net sales 40%

Problem 1: What amount of work in process inventory was transferred out to finished goods during January?

Reference no: EM132822467

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