Wasson Company Reported the Following Year-End Information How Much Is Wasson's Total Cost of Work in Process

question 43

Multiple Choice

Wasson Company reported the following year-end information: $$\begin{array} { l r } \text { Beginning work in process inventory } & \$ 35,000 \\\text { Beginning raw materials inventory } & 18,000 \\\text { Ending work in process inventory } & 38,000 \\\text { Ending raw materials inventory } & 15,000 \\\text { Raw materials purchased } & 560,000 \\\text { Direct labor } & 210,000 \\\text { Manufacturing overhead } & 120,000\end{array}$$ How much is Wasson's total cost of work in process for the year?

• A)$925000
• B)$893000
• C)$890000
• D)$928000

---

Definitions:

Domestic Price

The price of a good or service within a country, influenced by local demand and supply among other factors.

International Trade Theory

encompasses the concepts and principles explaining the exchange of goods, services, and capital across national borders, focusing on patterns, benefits, and effects of trade.

Produces At

The specific point or condition under which production occurs, focusing on the level of output and the resources used.

Low Cost

Refers to products or services that are offered at a minimal financial expense, making them accessible to a wider range of consumers.