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barxatty [35]
3 years ago
14

Concord Corporation has beginning work in process inventory of $164000 and total manufacturing costs of $486000. If cost of good

s manufactured is $460000, what is the cost of the ending work in process inventory?
a. $190000.
b. $210000.
c. $170000.
d. $138000.
Business
1 answer:
bazaltina [42]3 years ago
4 0

Answer:

a. $190000.

Explanation:

begining WIP                                       164,000

Total cost added during the period <u>  486,000  </u>

total cost to be accounted for:           650,000

cost of goods manufactured           <u>  (460,000)  </u>

ending Work In process                     190,000

The ending WIP will be the cost of the unfinished goods.

The beginning and the cost added during the period, will be the total cost to be  accounted for.

Then the cost of goods manufactured is subtracted as, these are transferred-out to finished goods.

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