Compute the ending work in process inventory for a manufacturer with the following information.Raw materials purchased$131,700Direct materials used in production65,400Direct labor used44,000Total factory overhead used101,600Work in process inventory, beginning of year32,500Cost of goods manufactured212,900
What will be an ideal response?
| Work in process inventory, beginning | $32,500 |
| Direct materials used in production | 65,400 |
| Direct labor used | 44,000 |
| Total factory overhead used | 101,600 |
| Less: Cost of goods manufactured | (212.900) |
| Work in process inventory, ending | $ 30,600 |
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What will be an ideal response?
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