EXERCISE 3-17 (30 MINUTES)

8. The ending balance in Work in Process is $30,000. Direct materials

make up $9,200 of this balance, and manufacturing overhead makes up

$12,800. The computations are:

Balance, Work in Process, 12/31 ... $30,000

Less: Direct labor cost (given)... (8,000)

Manufacturing overhead cost ($8,000 × 160%) ... (12,800)

Direct materials cost (remainder) ... $ 9,200

Problem 3-25 (90 minutes)