The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. Work in Process Inventory Beginning WIP 6,100 Direct materials 48,700 Direct labor 31,200 Applied overhead 17,400 Total Mfg. costs 103,400 To finished goods ? Ending WIP 12,100 The cost of jobs transferred to finished goods is:
The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. Work in Process Inventory Beginning WIP 6,100 Direct materials 48,700 Direct labor 31,200 Applied overhead 17,400 Total Mfg. costs 103,400 To finished goods ? Ending WIP 12,100 The cost of jobs transferred to finished goods is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory.
Work in Process Inventory |
|
|
Beginning WIP |
6,100 |
|
Direct materials |
48,700 |
|
Direct labor |
31,200 |
|
Applied |
17,400 |
|
Total Mfg. costs |
103,400 |
|
To finished goods |
|
? |
Ending WIP |
12,100 |
|
The cost of jobs transferred to finished goods is:
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