Honeysuckle Corporation has provided the following data for the month of January:
Inventories |
Beginning |
Ending |
|
Raw materials |
$40,000 |
$23,000 |
|
Work In process |
$9,000 |
$13,000 |
|
Finished goods |
$52,000 |
$45,000 |
Additional Information |
||
Raw material purchases |
$68,000 |
|
Direct labor costs |
$90,000 |
|
Manufacturing overhead cost incurred |
$44,000 |
|
Indirect materials included in manufacturing overhead costs incurred |
$8,000 |
|
Manufacturing overhead cost applied to work in process |
$39,000 |