Exhibit 18-4 Playtime Toys began operations on January 1, 2011. During January it produced 2,000 toys and sold 1,850 toys. The following are needed to make 1 toy:
Manufacturing overhead is applied at a rate of $4 per direct labor hour.
-Refer to Exhibit 18-4. Given the information above, ending inventory would be:

Question

Exhibit 18-4 Playtime Toys began operations on January 1, 2011. During January it produced 2,000 toys and sold 1,850 toys. The following are needed to make 1 toy:
 Manufacturing overhead is applied at a rate of $4 per direct labor hour.
-Refer to Exhibit 18-4. Given the information above, ending inventory would be:

Quizplus · Accepted Answer

The Answer of Exhibit 18-4 Playtime Toys began operations on January 1, 2011. During January it produced 2,000 toys and sold 1,850 toys. The following are needed to make 1 toy:
 Manufacturing overhead is applied at a rate of $4 per direct labor hour.
-Refer to Exhibit 18-4. Given the information above, ending inventory would be:

Exhibit 18-4 Playtime Toys Began Operations on January 1, 2011