Wavy Company Had a Beginning Work in Process Inventory Balance

question 93

Multiple Choice

Wavy Company had a beginning work in process inventory balance of $32,600. During the year, $54,600 of direct materials was placed into production. Direct labor was $63,900, and indirect labor was $20,300. Manufacturing overhead is allocated at 140% of direct labor costs. Actual manufacturing overhead was $86,500, and jobs costing $225,500 were completed during the year. What is the ending work in process inventory balance?

• A)$185,960
• B)$12,100
• C)$15,060
• D)$89,460

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