Compute finishing work in process inventory for a manufacturer v the following information. Raw products purchased...


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Compute finishing work in procedure inventory for a manufacturer through the adhering to information. Raw products purchased direct materials used direct labor used total factory overhead work in procedure inventory, start of year price of goods manufactured $133,200 86,800 55,000 101,300 28,000 236,800 ending Work in procedure Inventory is Computed as: total manufacturing costs full cost of work in procedure Work in process inventory, end of year

Ending work-related in procedure Inventory is Computed as:
Direct materials used in production $86,800
Direct labor used in production $55,000
Factory overhead provided in production $101,300
Total production costs $243,100
Add: work in procedure inventory, beginning of year $28,000
Total cost of job-related in process $271,100
Less: price of items manufactured ($236,800)
Work in process inventory, end of year $34,300


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