The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:
A)$33,273
B)$11,769
C)$78,462
D)$58,847

Question

Quizplus · Accepted Answer

The ending work in process inventory in the first processing department is $33,273. This is because the total cost of production for the first processing department is $111,735, and the cost of goods transferred out of the first processing department is $78,462. Therefore, the ending work in process inventory in the first processing department is $111,735 - $78,462 = $33,273.

The Cost of Ending Work in Process Inventory in the First