Answer the Following Questions Using the Information Below:
Wayland Manufacturing

question 69

Multiple Choice

Answer the following questions using the information below:
Wayland Manufacturing uses a normal cost system and had the following data available for 2010:
$\begin{array}{lr}\text { Direct materials purchased on account } & \$ 148,000 \\\text { Direct materials requisitioned } & 82,000 \\\text { Direct labor cost incurred } & 130,000\\\\\text { Factory overhead incurred } & 146,000 \\\text { Cost of goods completed } & 292,000 \\\text { Cost of goods sold } & 256,000\\\\\text { Beginning direct materials inventory } & 26,000 \\\text { Beginning WIP inventory } & 64,000 \\\text { Beginning finished goods inventory } & 58,000 \\\text { Overhead application rate, as a percent of direct-labor costs } & 125 \text { percent }\end{array}$
-The ending balance of work-in-process inventory is ________.

• A) $438,500
• B) $146,500
• C) $130,000
• D) $422,000

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Definitions:

Agrochemical Use

The application of chemicals, such as pesticides and fertilizers, in agriculture to enhance crop production but which may also have environmental and health impacts.

Reusable Coffee Cup

A coffee cup designed to be used multiple times, promoting environmental sustainability by reducing waste.

Energy Consumption

The total amount of energy utilised by all processes and activities, often measured in terms of electricity or fuel usage.

Skylights

Windows installed in a roof or ceiling to allow natural light to enter the space below.