(Answered) Question - the following events took place at a

Accounting

Question - The following events took place at a manufacturing company for the current year:

(1) Purchased $105,000 in direct materials.

(2) Incurred labor costs as follows: (a) direct, $61,000 and (b) indirect, $15,600.

(3) Other manufacturing overhead was $117,000, excluding indirect labor.

(4) Transferred 75% of the materials to the manufacturing assembly line.

(5) Completed 60% of the Work-in-Process during the year.

(6) Sold 80% of the completed goods.

(7) There were no beginning inventories.

What is the value of the ending Work-in-Process Inventory?

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