Multiple Choice
The Work in Process Inventory account had a beginning balance of $4,200 on February 1. During February, the cost of direct materials used was $29,000 and direct labor cost applied to production was $3,000. Overhead is applied at the rate of $20 per direct labor hour. During February, 180 direct labor hours were used in the production process. If the cost of finished goods manufactured was $34,100, compute the balance in the Work in Process Inventory account at the end of February.
A) $9,900.
B) $1,500.
C) $2,100.
D) $5,700.
Correct Answer:
Verified
Correct Answer:
Verified
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