What is brazels ending wip balance

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Reference no: EM13256787

Brazel'sFurniture Company recorded the following transactions during themonth of September.

a.	Purchased $8,000 of raw materials on account
b.	Moved $10,000 of materials into production
c.	Paid various overhead costs of $6,000
d.	Paid rent for the current month of $5,000
e.	Accrued direct labor cost of $6,000 that will be paid in thefollowing month
f.	Earned unearned revenue of $9,000 in the month. FGInventory value was $4,000
g.	Finished the manufacture of furniture in the month valued at$19,000
h.	Paid various period costs in the amount of $7,000
i.	Sold furniture for $30,000. 60% for cash, the remainder oncredit. Mfg cost: $14,000.
j.	Acquired $25,000 of machinery. $5,000 cash, the remainderfinanced by the bank.

Beginning balancesare as follows:

Cash $22,000 A/P $ 8,000

A/R $ 2,000 N/P $13,000

Dir.Mat. $ 5,000 UnearnedRev. $ 9,000

WIP $ 3,000 CommonStock $45,000

FG $ 5,000 RetainedEarnings $40,000

PPE $78,000

Total $115,000 Total $115,000

What is Brazel's endingWIP balance?

Reference no: EM13256787

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