The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory.

The cost of jobs transferred to finished goods is:
A) $97,000.
B) $105,900.
C) $88,100.
D) $95,200.
E) $92,500.

Question

The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory.

The cost of jobs transferred to finished goods is:
A) $97,000. 
B) $105,900. 
C) $88,100. 
D) $95,200. 
E) $92,500.

Quizplus · Accepted Answer

Beginning WIP + Direct Materials + Direct Labor + Applied OH − Finished Goods = Ending WIP
$4,500 + $47,100 + $29,600 + $15,800 − FG = $8,900;
FG = $88,100

The Work in Process Inventory Account for DG Manufacturing Follows