Business, 06.07.2021 20:30, ijohnh14

MC Qu. 93 The Fabricating Department started... The Fabricating Department started the current month with a beginning Work in Process inventory of $11,500. During the month, it was assigned the following costs: direct materials, $77,500; direct labor, $25,500; and factory overhead, 70% of direct labor cost. Also, inventory with a cost of $116,500 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is:

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MC Qu. 93 The Fabricating Department started... The Fabricating Department started the current month...