Question

Marigold Corp. has beginning work in process inventory of $164000 and total manufacturing costs of $286000. If cost of goods manufactured is $260000, what is the cost of the ending work in process inventory

Answer 1

Answer:

X = $190000

Explanation:

given data:

cost of manufactured goods =$260000

total manufacturing cost = $286000

process inventory in beginning = $164000

ending inventory process {X} is calculated as

cost of manufactured goods = - X +total manufacturing cost +process inventory in beginning

Putting all value to get required ending process inventory

$260000 = -X + $286000+$164000

X = $190000