Here are selected data for tyler corporation: cost of materials purchases on account $ 68,000 cost of materials requisitioned (includes $4,500 of indirect) 51,000 direct labor costs incurred 77,000 manufacturing overhead costs incurred, including indirect materials 97,500 cost of goods manufactured 223,000 cost of goods sold 151,000 beginning raw materials inventory 14,500 beginning work in process inventory 29,700 beginning finished goods inventory 32,800 predetermined manufacturing overhead rate (as % of direct labor cost) 130% what is the balance in work in process inventory at the end of the year?
a) $27,700
b) $23,800
c) $30,300
d) $49,200

correct option is C) $30,300

Explanation:

solution first we find Manufacturing Overhead Allocated that is express as

Manufacturing Overhead Allocated = 130% × Direct Labor Cost incurred     1

Manufacturing Overhead Allocated = 130% × $77,000

Manufacturing Overhead Allocated = $100,100

and  Direct Material  is

Direct Material = Cost of Materials requisitioned - Indirect Materials     2

Direct Material = $51,000 - 4,500

Direct Material = $46,500

and

so Total Cost added to Work in Process will be

Total Cost added to Work in Process = Direct Materials + Direct Labor + Manufacturing Overhead       3

Total Cost added to Work in Process = $46,500 + 77,000 + 100,100

Total Cost added to Work in Process = $223,600

and

Balance in Work in Process Inventory = Total Cost added to Work in Process – Cost of goods manufactured + Beginning Inventory    4

Balance in Work in Process Inventory = $223,600 – 223,000 + 29,700

Balance in Work in Process Inventory = $30,300

so correct option is C) $30,300

answer; ///(d)///getting your passbook updated when you make a deposit;

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3