Business, 18.06.2020 16:57 christeinberg1

The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory
Beg. Bal. 8,200 ? Transferred Out
Purchases ?
End. Bal. 6,600
Cost of Goods Sold
59,000
Work-in-Process Inventory
Beg. Bal. 7,700 ? Transferred Out
Materials 18,400
Labor 13,700
Overhead 8,200
End. Bal. ?
Finished Goods Inventory
Beg. Bal. ? ? Transferred Out
Transferred in 39,700
End. Bal. 4,400
What is the value of the ending Work-in-Process inventory balance?
a. $4,400.
b. $0.
c. $8,200.
d. $8,300.

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The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The foll...

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