Reedy Company reports the following information for 2012:
Cost of goods manufactured $69,500...
Reedy Company reports the following information for 2012:
Cost of goods manufactured $69,500
Direct materials used 27,000
Direct labor incurred 25,000
Work in process inventory, January 1, 2012 11,000
Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31, 2012, is:
a) 13,500
b) 10,200
c) 22,500
d) 12,250
Answers: 1
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