The Work in Process Inventory account had a beginningbalance of $4,200 on February 1. During February, the costof direct materials used was $29,000 and direct labor costassigned to production was $3,000. $3,600 of overhead wasassigned. If the cost of finished goods manufactured was $34,100, compute the balance in the Work in Process Inven-tory account at the end of February. a. $9,900. c. $2,100.b. $1,500. d. $5,700.
The Work in Process Inventory account had a beginningbalance of $4,200 on February 1. During February, the costof direct materials used was $29,000 and direct labor costassigned to production was $3,000. $3,600 of overhead wasassigned. If the cost of finished goods manufactured was $34,100, compute the balance in the Work in Process Inven-tory account at the end of February. a. $9,900. c. $2,100.b. $1,500. d. $5,700.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 15E: LeMans Company produces specialty papers at its Fox Run plant. At the beginning of June, the...
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The Work in Process Inventory account had a beginning
balance of $4,200 on February 1. During February, the cost
of direct materials used was $29,000 and direct labor cost
assigned to production was $3,000. $3,600 of
assigned. If the cost of finished goods manufactured was
$34,100, compute the balance in the Work in Process Inven-
tory account at the end of February.
a. $9,900. c. $2,100.
b. $1,500. d. $5,700.
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