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Compute the amount of the work in process inventory

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Reference no: EM132520030

Question - The following information was taken from the accounting records of Fessler Tool Corporation.

Work in process inventory, beginning of the year $35,000

Cost of direct materials used $245,000

Direct labor cost applied to production $120,000

Cost of finished goods manufactured $700,000

Overhead assigned to production was $400,000.

Compute the amount of the work in process inventory on hand at year-end.

 

Reference no: EM132520030

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