Business
Business, 21.09.2020 14:01, kataldaine

XYZ Company reported the following information for the year 2020: Beginning raw materials inventory$37,000Beginning work in process inventory62,200 Beginning finished goods inventory58,300Cost of materials purchased151,000 Cost of direct materials requisitioned91,300Direct labor incurred135,000 Actual manufacturing overhead160,000Cost of goods manufactured287,000 Cost of goods sold265,000Manufacturing overhead rate (% of direct labor)125% What is the ending work in process inventory balance

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