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Business, 05.03.2020 01:48 juanitarodrigue

Here are selected data for King Friday Corporation:

Beginning raw materials inventory $37,000

Beginning work in process inventory $61,600

Beginning finished goods inventory $56,300

Cost of materials purchased $151,000

Cost of direct materials requisitioned $91,800

Direct labor incurred $125,000

Actual manufacturing overhead $160,000

Cost of goods manufactured $287,500

Cost of goods sold $265,000

Predetermined Manufacturing

overhead rate (% of direct labour) 125%

What is the ending work in process inventory balance?

A. $220,300

B. $201,950

C. $147,150

D. $211,600

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Answers: 1

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Beginning raw materials inventory $3...
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