Warwick Company has the following transactions for the month of September:

Balances at the beginning of the month were:

-What is the ending balance in Work-in-Process?
A) $162,912
B) $113,083
C) $166,414
D) $123,870
E) $0

Question

Warwick Company has the following transactions for the month of September:  
 
 Balances at the beginning of the month were:

-What is the ending balance in Work-in-Process?
A) $162,912 
B) $113,083 
C) $166,414 
D) $123,870 
E) $0

Quizplus · Accepted Answer

$69,000 × 65% = $44,850
 
Ending WIP = $69,000 + $91,562 + $44,850 - $42,500 = $162,912

Warwick Company Has the Following Transactions for the Month of September