Reference no: EM133109506

Question - What will the Anderson Company report for its ending work in process account in March? Below is information for March:

purchased $200,000 of raw materials and used $120,000 of direct raw materials in production

incurred $700,000 of direct labor

incurred depreciation expense of $22,000 at its administrative office

manufacturing overhead applied was $200,000 for the month

the beginning balance in work in process was $70,000 on March 1st.

During the month $400,000 was moved out of work in process to finished goods.