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The following information is taken from the records of CL Company for last year:
Direct materials ....................................................................... $5,000
Manufacturing overhead............................................................ $6,000
Total manufacturing costs (product cost) ................................. $17,000
Beginning work in process inventory....................................... $1,000
Cost of finished goods .......................................................... $15,000
Problem 1: What are the correct amounts for direct labor and ending work in process inventory respectively?
Select one:
a. $12,000 - $2,000
b. $6,000 - $3,000
c. $6,000 - $1,000
d. $11,000 - $2,000
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