The Work in Process Inventory Account Had a Beginning Balance

question 22

Multiple Choice

The Work in Process Inventory account had a beginning balance of $4,200 on February 1. During February, the cost of direct materials used was $29,000 and direct labor cost applied to production was $3,000. Overhead is applied at the rate of $20 per direct labor hour. During February, 180 direct labor hours were used in the production process. If the cost of finished goods manufactured was $34,100, compute the balance in the Work in Process Inventory account at the end of February.

• A) $9,900.
• B) $1,500.
• C) $2,100.
• D) $5,700.

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Definitions:

Articles of Incorporation

Legal document filed with a governmental entity to legally establish a corporation.

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