Answer:
The cost of the ending work in process inventory is $135,000
Explanation:
The cost of goods manufactured is the cost of all the units manufactured. It includes all the direct costs and overheads of the goods manufactured at the end of a period.
Use the following formula to calculate the cost of the ending work in process inventory
Cost of Goods Manufactured = Total Manufacturing cost + Begininning Work in process - Ending work in process
Where
Cost of goods manufactured = $690,000
Total manufacturing costs = $677,000
Beginning work in process inventory = $148,000
Placing values in the formula
$690,000 = $677,000 + $148,000 - Ending work in process
$690,000 = $825,000 - Ending work in process
Ending work in process = $825,000 - $690,000
Ending work in process = $135,000
