Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 2 - An Introduction to Cost Terms and Purposes - Assignment Material - Problems - Page 60: 2-31(4)

Answer

Work-in-process inventory 10/31/2014 = 230 + 1,610 - 1,660 = 180 million

Work Step by Step

Work-in-process inventory 10/31/2014 = Work-in-process inventory 10/1/2014 + Total manufacturing costs incurred during October 2014 - Cost of goods manufactured
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.

GradeSaver will pay $15 for your literature essays
GradeSaver will pay $25 for your college application essays
GradeSaver will pay $50 for your graduate school essays – Law, Business, or Medical
GradeSaver will pay $10 for your Community Note contributions
GradeSaver will pay $500 for your Textbook Answer contributions