Jan. 1 2012 18500 work in process inventory dec. 31 2012, Ask an Expert

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Village Company's selected cost data for 2012 are shown below: Cost of goods manufactured $145,200 Work in process inventory, Jan. 1, 2012 18,500 Work in process inventory, Dec. 31, 2012 22,500 Direct materials used 15,800 Assuming manufacturing overhead costs of $83,375, what is the amount of direct labor incurred by Village Company in 2012?

$50,025

$62,550

$41,700

$83,400

None of these is correct

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