Answer:
$29,900
Explanation:
According to the scenario, computation of the given data are as follows:-
Predetermined Manufacturing Overhead = 130% of Direct Labor Cost
= $77,000 × 130÷100 = $100,100
Direct Material= $51,300 - $4,500 = $46,800
Direct Labor = $77,000
Total Added Cost to WIP = Manufacturing Overhead + Direct Material + Direct Labor
=$100,100 + $46,800 + $77,000 = $223,900
WIP Inventory at the End of The Year = Beginning WIP Inventory +Total Added Cost to WIP - Cost of Goods Manufactured
= $29,700 + $223,900 - $223,700
= $29,900
