Wavy Company had a beginning work in process inventory balan

Wavy Company had a beginning work in process inventory balance of $33,000. During the year, $55,500 of direct materials was placed into production. Direct labor was S63,800, and indirect labor was $19,800. Manufacturing overhead is allocated at 130% of direct labor costs. Actual manufacturing overhead was $86,600, and Jobs costing $225,600 were completed during the year. What is the ending work in process inventory balance? OA. $82,940 O B. $13,300 ° C. $9,640 O D. $179,740

Solution

C. $9,640

Ending work in process inventory balance = ($63,800 × 130%) + $33,000 + $55,500 + $63,800 - $225,600

Ending work in process inventory balance = $9,640