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Author Question: River Falls Manufacturing uses a normal cost system and had the following data available for 2018: ... (Read 120 times)

colton

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River Falls Manufacturing uses a normal cost system and had the following data available for 2018:

Direct materials purchased on account$148,000
Direct materials requisitioned88,000
Direct labor cost incurred127,000
Factory overhead incurred148,000
Cost of goods completed299,000
Cost of goods sold250,000
Beginning direct materials inventory34,000
Beginning WIP inventory70,000
Beginning finished goods inventory55,000
Overhead application rate, as a percent of direct-labor costs105 percent
The ending balance of work-in-process inventory is ________.
◦ $418,350
◦ $119,350
◦ $127,000
◦ $426,000


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Marked as best answer by colton on Mar 6, 2021

Dnite

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