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What is the amount of work-in-process ending inventory

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Reference no: EM132507872

                          Job 101               Job 102               Job 103

Material                $2,000,000           $3,000,000        $500,000

Labor                   132,000                144,000               36,000

Overhead                550,000                  600,000            150,000

                                $2,682,000          $3,744,000              $686,00

Question 1: Jobs 102 & 103 are completed during the period. Material and overhead are paid upon delivery. Direct labor is paid on the day earned. What is the amount of Work-In-Process Ending Inventory?

Reference no: EM132507872

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