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Crockett Company had a beginning work in process inventory balance of $33067. During the year, $77,000 of direct materials were placed into production. Direct labor was $60576, and indirect labor was $19,500. Manufacturing overhead is allocated at 130% of direct labor costs. Actual manufacturing overhead was $86,500, and jobs costing $225850 were completed during the year. What is the ending work in process inventory balance?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9963199

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