Penn Manufacturing Corporation uses a process-costing system to manufacture printers for PCs. The following information summarizes operations for its NoToner model during the quarter ending September 30, Year 1: Direct Units 100 Labor $ 50,000 Work-in-process inventory, July 1 Started during the quarter Completed during the quarter Work-in-process inventory, September 30 Costs added during the quarter 500 400 200 $775,000 Beginning work-in-process inventory was 50% complete for direct labor. Ending work-in-process inventory was 75% complete for direct labor. What is the total value of the direct labor in the ending work-in-process inventory using the weighted-average method? 1. $183,000 3. $225,000 2. $194,000 4. $210,000

Penn Manufacturing Corporation uses a process-costing system to manufacture printers for PCs. The following information summarizes operations for its NoToner model during the quarter ending September 30, Year 1: Direct Units 100 Labor $ 50,000 Work-in-process inventory, July 1 Started during the quarter Completed during the quarter Work-in-process inventory, September 30 Costs added during the quarter 500 400 200 $775,000 Beginning work-in-process inventory was 50% complete for direct labor. Ending work-in-process inventory was 75% complete for direct labor. What is the total value of the direct labor in the ending work-in-process inventory using the weighted-average method? 1. $183,000 3. $225,000 2. $194,000 4. $210,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 3CMA: Kimbeth Manufacturing uses a process cost system to manufacture dust density sensors for the mining...

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