Barton Company Has Beginning Work in Process Inventory of $144000

question 131

Multiple Choice

Barton Company has beginning work in process inventory of $144000 and total manufacturing costs of $686000. If cost of goods manufactured is $660000 what is the cost of the ending work in process inventory?

• A) $150000.
• B) $118000.
• C) $190000.
• D) $170000.

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Definitions:

Overapplied

A scenario in which the overhead attributed to products or services surpasses the real overhead expenses.

Manufacturing Overhead Cost

Expenses related to the manufacturing process that are not directly tied to the production of goods, such as utilities and rent for the manufacturing facilities.

Actual Output

refers to the actual quantity of goods or services produced by a business within a given period.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual products based on a relevant activity base, such as labor hours.