Concord Corporation has beginning work in process inventory of $164000 and total manufacturing costs of $486000. If cost of goods manufactured is $460000, what is the cost of the ending work in process inventory?

a. $190000.

b. $210000.

c. $170000.

d. $138000.

a. $190000.

Explanation:

begining WIP 164,000

Total cost added during the period 486,000

total cost to be accounted for: 650,000

cost of goods manufactured (460,000)

ending Work In process 190,000

The ending WIP will be the cost of the unfinished goods.

The beginning and the cost added during the period, will be the total cost to be accounted for.

Then the cost of goods manufactured is subtracted as, these are transferred-out to finished goods.