River Falls Manufacturing uses a normal cost system and had the following data available for 2018:

The ending balance of work-in-process inventory is ________.
A) $418,350
B) $119,350
C) $127,000
D) $426,000

Name: River Falls Manufacturing uses a normal cost system and had the following data available for 2018: The ending balance of work-in-process inventory is ________. A) $418,350 B) $119,350 C) $127,000 D) $426,000
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Question

River Falls Manufacturing uses a normal cost system and had the following data available for 2018:

The ending balance of work-in-process inventory is ________.
A) $418,350 
B) $119,350 
C) $127,000 
D) $426,000

Quizplus · Accepted Answer

$70,000 + $88,000 + $127,000 + 1.05 ($127,000) - 299,000 = $119,350

River Falls Manufacturing Uses a Normal Cost System and Had