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Business, 22.02.2021 19:10 peytondavis2424

The following events took place at a manufacturing company for the current year: a. Purchased $95,900 in direct materials.
b. Incurred labor costs as follows:

1. direct, $56,900
2. indirect, $14,500.

c. Other manufacturing overhead was $107,900, excluding indirect labor.
d. Transferred 80% of the materials to the manufacturing assembly line.
e. Completed 65% of the Work-in-Process during the year.
f. Sold 85% of the completed goods.
g. There were no beginning inventories.

Required:
What is the value of the ending Work-in-Process Inventory?

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