Figure 5-9.Warwick Company has the following transactions for the month of September:
Balances at the beginning of the month were:

-Refer to Figure 5-9. What is the ending balance in Work-in-Process?

Question

Figure 5-9.Warwick Company has the following transactions for the month of September:
  Balances at the beginning of the month were:
 
-Refer to Figure 5-9. What is the ending balance in Work-in-Process?

Quizplus · Accepted Answer

The ending balance in Work-in-Process is $162,912. This is the balance after adding the costs incurred during the period ($113,083) to the beginning balance ($50,000) and subtracting the costs transferred out ($0).