Answer:
Ending work in process = $14,700
Explanation:
The production process is divided into different stages and includes Raw materials (unprocessed input), Work in process (a combination of processed and unprocessed input), and Finished goods.
In this scenario the work in process started out as $10,500
There was an addition of direct materials
Work in process will increase to 10,500 + 76,500 = $87,000
Other additions are direct labour and factory overhead
Direct labour = $24,500
Factory overhead = 0.6 * 24,500 = $14,700
Inventory cost will be deducted
Ending work in process = 87,000 + 24,500 + 14,700 - 111,500 = $14,700