Question

Swifty Corporation has beginning work in process inventory of $128000 and total manufacturing costs of $277000. If cost of goods manufactured is $280000, what is the cost of the ending work in process inventory?

a. $125000
b. $131000.
c. $140000.
d. $110000.

Answer 1

a. $125000

Step-by-step explanation:

Calculation to determine the cost of the ending work in process inventory

Beginning work in process inventory $128000

Add total manufacturing costs $277000

Less cost of goods manufactured $280000

Ending work in process inventory $125000

($128000+$277000-$280000)

Therefore the cost of the ending work in process inventory is $125000