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A month ago
Work in process inventory 2,000
Finished goods inventory 8,000
Manufacturing overhead  0
Cost of goods sold  0
Sales revenue 0

Dirct materials placed in production $80,000
Direct labor incurred 190,000
Manufacturing over head incurred actual 300,000
Manufacturing overhead allocated to production 295,000
cost of jobs complete 500,000

record a T-account and calulate the ending balance fo work in process inventory, finisded goods inventory, manufacturing overhead accounts.
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Educator
A month ago
This has been posted before, along with its complete solution here: https://biology-forums.com/index.php?topic=462783.0
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