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:

Individual Brand

A marketing strategy where each product is marketed under its own unique brand name, emphasizing its distinct qualities and targeting a specific consumer segment.

Service

An intangible product that involves deeds, performances, or efforts that cannot be physically possessed.

Pioneering Ad

An advertisement aimed at creating awareness and interest in a new product or category that was not previously available.

Inform

To provide knowledge or information about a specific subject or event, typically aimed at educating or updating an audience.