Answer:
Ending Work in process= $13,500
Explanation:
Giving the following information:
Cost of goods manufactured $68,250
Direct materials used 27,000
Direct labor incurred 25,000
Work in process inventory, January 1 11,000
Factory overhead is 75% of the cost of direct labor.
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
68,250= 11,000 + 27,000 + 25,000 + (0.75*25,000) - Ending WIP
Ending WIP= 11,000 + 27,000 + 25,000 + 18,750 - 68,250
Ending WIP= 13,500
