The ending Work in Process account balance is?
A) $13,000.
B) $20,000.
C) $64,000.
D) $75,000.

Question

Quizplus · Accepted Answer

The ending Work in Process account balance is $13,000. This is because the beginning Work in Process account balance was $0, and the total manufacturing costs incurred during the period were $75,000. Of these costs, $62,000 were completed and transferred to finished goods, leaving $13,000 in Work in Process at the end of the period.

The Ending Work in Process Account Balance Is