Ending Work-In-Process Inventory for Hands on Carpentry Was $64,000 for January

question 70

Multiple Choice

Ending Work-in-Process Inventory for Hands On Carpentry was $64,000 for January. Direct labour and direct materials for the month had a combined total of $39,000. Direct labour was twice as much as direct materials. The overhead rate is 70% of direct labour. No jobs were finished during the month. What was the beginning Work-in-Process Inventory?

• A) $0
• B) $4,250
• C) $6,800
• D) $15,250

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Definitions:

Government

The organization, or system of governance, that exercises authority and performs the functions of governing a political state or community.

Market Price

The present cost at which a service or asset is available for purchase or sale.

Government Allow

Governmental permissions or grants that enable individuals or entities to legally perform activities or exploit resources.

Shortage Of Coffee

A situation where the demand for coffee exceeds its supply, leading to a decrease in available coffee stocks.