Answer:
The ending work in process inventory balance is $3,120
Explanation:
Ending work in process inventory =
Beginning Work in progress inventory + Direct materials + Direct labor + Manufacturing overhead (applied) – Cost of goods manufactured
Beginning Work in progress inventory =$32,900
Direct materials = $54,700
Direct labor = $64,100
Manufacturing overhead (applied) = 120% * $64,100 = $76,920
Cost of goods manufactured = $225,500
Ending work in process inventory = $32,900 + $54,700 + $64,100 + $76,920 - $225,500
= $3,120
Therefore, The ending work in process inventory balance is $3,120
