The following information related to Q for the year ended 28 February 20X3: $ Prime cost 122,000 Factory overheads 185,000 Opening work-in-progress at 1 March 20X2 40,000 Factory cost of goods completed 300,000 The closing work-in-progress at 28 February 20X3 was..................................

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 10MC: Direct material costs $3 per unit, direct labor costs $5 per unit, and overhead is applied at the...
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The following information related to Q for the year ended 28 February 20X3:

$

Prime cost 122,000

Factory overheads 185,000

Opening work-in-progress at 1 March 20X2 40,000

Factory cost of goods completed 300,000

The closing work-in-progress at 28 February 20X3 was..................................

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