(Answered) Question - farber corporation uses a job-order costing

Accounting

Question - Farber Corporation uses a job-order costing system. The information below is from the financial records of the company for last year:

Total manufacturing costs $2,500,000

Cost of goods manufactured $2,425,000

Predetermined overhead rate 80% of direct labor cost

Applied overhead was 30% of total manufacturing costs. The Work in Process inventory at January 1 was 75% of the Work in Process inventory at December 31.

Calculate the Work in Process inventory at December 31?

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