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-) | . Secure i https://new connect.mheducation.com/flow/connect.html C14 Quick Studies Savod 3 Compute ending work in process inventory for a manufacturer with the following information. 8.33 points Raw materials purchased Raw materials used in production Direct labor used Total factory overhead Work in process inventory, beginning f $ 124,400 74,200 57,000 104,800 27200 eBook year Cost of goods manufactured 245.200 Work in Process Inventory is Computed as Total manufacturing costs Total cost of work in process Prey 3 of 12 Next: O Type here to search

Explanation / Answer

Ending Work in Process Inventory is Computed as:

Direct materials used in production $74,200 Direct labor used in production $57,000 Factory overhead used in production $104,800 Total manufacturing costs $236,000 Add: Work in process inventory, beginning of year $27,200 Total cost of work in process $263,200 Less: Cost of goods manufactured $245,200 Work in process inventory, end of year $18,000

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