Waterway Company developed the following data for the current year: ...

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Accounting

Waterway Company developed the following data for the current year:

Beginning Work in Process Inventory $290000
Direct materials used 146000
Actual overhead 298000
Overhead applied 226000
Cost of goods manufactured 278000
Total manufacturing costs 794000

Waterway Company's ending Work in Process Inventory is

$504000.

$516000.

$806000.

$226000.

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