Davy Company Had a Beginning Work in Process Inventory Balance

question 58

Multiple Choice

Davy Company had a beginning work in process inventory balance of $32,000.During the year,$54,500 of direct materials was placed into production.Direct labor was $63,400,and indirect labor was $19,500.Manufacturing overhead is allocated at 125% of direct labor costs.Actual manufacturing overhead was $86,500,and jobs costing $225,000 were completed during the year.What is the ending work in process inventory balance?

• A)$172,400
• B)$11,400
• C)$4,150
• D)$79,250

---

Definitions:

Anxious Woman

A term referring to a female experiencing persistent worry or fearfulness, which may affect her daily functioning.

Finals

The last exams or assessments in a course or academic term, determining a significant portion of a student's final grade.

Fundamental Attribution Error

The tendency to overestimate the effect of personality or disposition and underestimate the influence of situational factors when explaining others' behaviors.

External Situation

Circumstances or factors outside oneself that influence one’s behavior and actions, often beyond one's control.