Biology Forums - Study Force

Calfee Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:

Beginning inventories:
Raw materials	$ 40,000
Work in process	$ 19,000
Estimated total manufacturing overhead at the beginning of the year	$595,000
Estimated direct labor-hours at the beginning of the year	35,000	direct labor-hours

Results of operations:

Raw materials purchased on account	$ 423,000
Raw materials (all direct) requisitioned for use in production	$ 420,000
Direct labor cost	$ 641,000
Actual direct labor-hours	33,000	direct labor-hours
Manufacturing overhead:
Indirect labor cost	$ 143,000
Other manufacturing overhead costs incurred	$ 531,000
Cost of goods manufactured	$1,441,000

The ending balance in the Work in Process inventory account is:

▸ $200,000

▸ $162,000

▸ $220,000

▸ $181,000

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