Recent Posts • Latest Topics • Unanswered Questions

Basil Industries reported the following information for December:Beginning balance, Raw Materials ...

BigFella9503

wrote...

Go to Answer

Posts: 155

Rep:

2 years ago

Basil Industries reported the following information for December:Beginning balance, Raw Materials ...

Basil Industries reported the following information for December:

Beginning balance, Raw Materials Inventory	$ 187,500
Beginning balance, Work in Process Inventory	300,000
Beginning balance, Finished Goods Inventory	106,250
Manufacturing overhead applied	525,000
Purchases of raw materials	337,500
Factory electricity	62,500
Direct labor payroll	200,000
Depreciation on factory equipment	218,750
Insurance on factory building	50,000
Indirect materials used in production	43,750
Total raw materials used in production	406,250
Indirect labor payroll	150,000
Cost of goods manufactured	1,250,000
Cost of Goods Sold	1,312,500

What was the ending balance in Basil's Work in Process Inventory account at December 31?

▸ $137,500

▸ $262,500

▸ $181,250

▸ $75,000

Textbook

Managerial Accounting

Edition: 4^th

Author: Davis

Read 96 times

1 Reply

Report

Replies

Answer verified by a subject expert

ggianola

wrote...

Posts: 142

Rep:

2 years ago

More solutions for this book are available here

Report

Related Topics

BigFella9503 Author

wrote...

2 years ago

Thanks for your help!!

fxinternational

wrote...

Yesterday

This calls for a celebration Person Raising Both Hands in Celebration

mambah4

wrote...

2 hours ago

this is exactly what I needed

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1435 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

111

15873

420

Your Opinion

Previous poll results: What percentage of nature vs. nurture dictates human intelligence?

Courses by Biology Forums

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

Strange Ingredients Lurking in Doritos Chips

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2025 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.