Problem
Selected financial information for Allen, Inc. for the month is provided below.
|
Beginning work in process
|
$ 76,725
|
|
Direct materials used
|
285,924
|
|
Direct labor
|
194,687
|
|
Manufacturing overhead
|
|
|
Total manufacturing costs
|
896,225
|
|
Total cost of work in process
|
|
|
Ending work in process
|
71,016
|
|
Cost of goods manufactured
|
|
|
Beginning finished goods
|
|
|
Cost of goods available for sale
|
870,500
|
|
Ending finished goods
|
|
|
Cost of goods sold
|
710,288
|
Compute the total cost of work in process.