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Author Question: Here are selected data for Anthony Corporation:Cost of materials purchases on account$76,000Cost of ... (Read 60 times)

BrownTown3

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on: Jan 4, 2020
Here are selected data for Anthony Corporation:

Cost of materials purchases on account$76,000
Cost of materials requisitioned (includes $3,000 of indirect)42,000
Direct labour costs incurred82,000
Manufacturing overhead costs incurred, including indirect materials97,500
Cost of goods manufactured230,000
Cost of goods sold151,000
Beginning raw materials inventory   14,500
Beginning work in process inventory29,700
Beginning finished goods inventory32,800
Predetermined manufacturing overhead rate (as % of direct labour cost)120%

What is the balance in work in process inventory at the end of the year?
◦ $18,200
◦ $19,100
◦ $23,800
◦ $55,200
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by BrownTown3 on Jan 4, 2020

shaikhs

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Reply #1 on: Jan 4, 2020
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BrownTown3

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Reply 2 on: Jan 4, 2020
Wow, this really help

jamesnevil303

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Reply 3 on: Yesterday
Gracias!

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