ACCT 505 Course Great Wisdom / tutorialrank.com ACCT 505 Course Great Wisdom / tutorialrank.com | Page 11

Inventories
Beginning
Ending
Raw materials
$28,000
$29,000
Work In process
$16,000
$14,000
Finished goods
$42,000
$54,000
Additional Information

Raw material purchases
$56,000 Direct labor costs
$87,000 Manufacturing overhead cost incurred
$51,000 Indirect materials included in manufacturing overhead costs
incurred
$3,000 Manufacturing overhead cost applied to work in process