Crockett Company had a beginning work in process inventory balance of $33,200. During the year, $57,000 of direct materials was placed into production. Direct labour was $61,500, and indirect labour was $19,500. Manufacturing overhead is allocated at 130% of direct labour costs. Actual manufacturing overhead was $86,500, and jobs costing $225,000 were completed during the year. What is the ending work in process inventory balance?

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The Answer of Crockett Company had a beginning work in process inventory balance of $33,200. During the year, $57,000 of direct materials was placed into production. Direct labour was $61,500, and indirect labour was $19,500. Manufacturing overhead is allocated at 130% of direct labour costs. Actual manufacturing overhead was $86,500, and jobs costing $225,000 were completed during the year. What is the ending work in process inventory balance?

Crockett Company Had a Beginning Work in Process Inventory Balance