Question

Blucher Company has beginning and ending work in process inventories of $52,000 and $58,000 respectively. Total current manufacturing costs are $248,000. The total cost of work in process is

A. $254,000
B. $242,000
C $300,000
D. $306,000

Answer 1

The total cost of work in process for Blucher Company is calculated by adding the beginning work in process to the total current manufacturing costs and then subtracting the ending work in process, resulting in a total of $242,000.

Step-by-step explanation:

The question involves calculating the total cost of work in process for Blucher Company. To find the total cost of work in process, we need to add the beginning work in process to the total current manufacturing costs and subtract the ending work in process. Using the provided numbers: Beginning work in process is $52,000, total current manufacturing costs are $248,000, and the ending work in process is $58,000.

Here is the calculation:
Total Cost of Work in Process = Beginning Work in Process + Total Current Manufacturing Costs - Ending Work in Process
Total Cost of Work in Process = $52,000 + $248,000 - $58,000
Total Cost of Work in Process = $242,000

Therefore, the correct answer is B. $242,000.