The following events took place at a manufacturing company for the current year: ...
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Accounting
The following events took place at a manufacturing company for the current year:
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(1) Purchased $95,800 in direct materials.
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(2) Incurred labor costs as follows: (a) direct, $56,800 and (b) indirect, $14,400.
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(3) Other manufacturing overhead was $107,800, excluding indirect labor.
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(4) Transferred 80% of the materials to the manufacturing assembly line.
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(5) Completed 65% of the Work-in-Process during the year.
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(6) Sold 85% of the completed goods.
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(7) There were no beginning inventories.
What is the value of the ending Work-in-Process Inventory?
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$13,421.50.
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$89,474.00.
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$14,427.00.
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$96,204.50.
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