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Assume the following information from a schedule of cost of goods manufactured: Cost of goods manufactured $ 158,000 Beginning work in process inventory $ 26,800 Direct materials used in production $ 50,000 Manufacturing overhead applied to work in process $ 90,000 Total manufacturing costs added to production $ 200,000 What is the ending work in process inventory

Sagot :

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Answer:

$68,800

Explanation:

Calculation for What is the ending work in process inventory

Using this formula

Ending work in progress = Beginning work in progress + Total manufacturing cost added to production - Cost of goods manufactured

Let plug in the formula

Ending work in progress =$26,800+$200,000-$158,000

Ending work in progress=$68,800

Therefore the ending work in process inventory will be $68,800

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