Solution-What is the ending balance of the work in process

What is the ending balance of the work in process account

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Question - In June a company purchased $300,000 of raw materials and used $50,000 of direct raw materials in production. The company incurred $205,000 of direct labor and advertising expenses of $2,000. Manufacturing overhead applied was $92,000 for the month. The beginning balance on June 1st in the work in process account was $9,000. During June, the company had $300,000 of cost of goods manufactured. What is the ending balance of the work in process account at the end of June?

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What is the ending balance of the work in process account

Reference no: EM133128731

Reference no: EM133128731

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