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Katseye Katseye
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A year ago

Niles 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$ 47,000
Work in process$ 20,000
Estimated total manufacturing overhead at the beginning of the year$646,250
Estimated direct labor-hours at the beginning of the year47,000direct labor-hours

Results of operations:

Raw materials purchased on account$ 538,000
Raw materials (all direct) requisitioned for use in production$ 535,000
Direct labor cost$ 699,000
Actual direct labor-hours37,000direct labor-hours
Manufacturing overhead:
Indirect labor cost$ 134,000
Other manufacturing overhead costs incurred$ 453,000
Cost of goods manufactured$1,568,000


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



▸ $214,225

▸ $154,750

▸ $174,750

▸ $194,750
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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hfrankoshfrankos
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A year ago
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Katseye Author
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A year ago
This site is awesome
Gamiung3657
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Yesterday
Good timing, thanks!
husne
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2 hours ago
Smart ... Thanks!
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