Here are selected data for sally day corporation: beginning raw materials inventory $37,000 beginning work in process inventory 61,500 beginning finished goods inventory 56,300 cost of materials purchased 151,000 cost of direct materials requisitioned 91,300 direct labor incurred 125,000 actual manufacturing overhead 160,000 cost of goods manufactured 287,000 cost of goods sold 265,000 manufacturing overhead rate (% of direct labor) 125% what is the ending work in process inventory balance?

a. $211,200

b. $147,050

c. $207,450

d. $151,500

Question

Itsy

Business

12 November, 18:28

Here are selected data for sally day corporation: beginning raw materials inventory $37,000 beginning work in process inventory 61,500 beginning finished goods inventory 56,300 cost of materials purchased 151,000 cost of direct materials requisitioned 91,300 direct labor incurred 125,000 actual manufacturing overhead 160,000 cost of goods manufactured 287,000 cost of goods sold 265,000 manufacturing overhead rate (% of direct labor) 125% what is the ending work in process inventory balance?

a. $211,200

b. $147,050

c. $207,450

d. $151,500

+2

Answers (1)

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Butler · Answer 1

Take the required information from the question, Beginning work in process inventory 61,500 Cost of direct materials requisitioned 91,300 Direct labor incurred 125,000 Cost of goods manufactured 287,000 Cost of goods sold 265,000 Manufacturing overhead rate 125% Calculating the total labor that is incurred = 125000 x (125/100) = 125000 x 1.25 = 156,250 Process inventory balance at the end = add all the used inventory costs and subtracting the cost of manufactured costs = $156,250 + 125,000 + 61,500 + 91,300 - 287,000 = $147,050