Question

Compute ending work in process inventory for a manufacturer with the following information.

Raw materials purchased_____________ $122,200
Direct materials used _________________82,600
Direct labor used_____________________ 55,000
Total factory overhead_______________ 108,300
Work in process inventory, beginning of year________ 29,200
Cost of goods manufactured__________ 234,000

Answer 1

Answer:

the  ending work in process is $41,100

Explanation:

The computation of the ending work in process is given below:

= Direct material used + direct labor used + total manufacturing cost + opening work in process - cost of goods manufactured

= $82,600 + $55,000 + $108,300 + $29,200 - $234,000

= $41,100

Hence, the  ending work in process is $41,100