If the cost of the beginning goods in process inventory is $60,000,costs of goods manufactured is $890,000,direct materials cost is $330,000,direct labor cost is $210,000,and overhead cost is $315,000,calculate the ending goods in process inventory:
A)$35,000.
B)$25,000.
C)$45,000.
D)$350,000.
E)$355,000.

Question

Quizplus · Accepted Answer

Ending Goods in Process Inventory = Cost of Goods Manufactured - Direct Materials Costs - Direct Labor Costs - Overhead Costs - Beginning Goods in Process Inventory
Ending Goods in Process Inventory = $890,000 - $330,000 - $210,000 - $315,000 - $60,000 = $25,000

If the Cost of the Beginning Goods in Process Inventory