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

Answer 1

Answer:

$125,000

Explanation:

The computation of the cost of the ending work in process inventory is shown below:

Cost of goods manufactured= Manufacturing costs+ Beginning work-in-process inventory - Ending work-in-process inventory

$280,000 = $277,000 + $128,000- Ending work-in-process inventory.

Ending work-in-process inventory is

= $277,000 + $128,000 - $280,000

= $125,000