Answer:
Transferred in Manufacturing Costs $ 32,000,000
Transferred out $ 20,800,000
Ending Balance $ 11,200,000
Explanation:
Generic Electric
Material Purchases $ 15,000,000
Transferred to Work in Process = 10,500,000
Direct Labor $ 8,000,000
Manufacturing Overhead $ 13,500,000
Total Manufacturing Costs $ 36,500,000
Transferred in Manufacturing Costs $ 32,000,000
Completed 65 % of $ 32,000,000=$ 20,800,000
Transferred out $ 20,800,000
Ending Balance = $ 32,000,000-$ 20,800,000= $ 11,200,000
