Business, 19.05.2020 16:25 jrfranckowiak

Beck Corporation, which began operations on January 1 of the current year, reported the following information: Budgeted manufacturing overhead of $600,000 Actual manufacturing overhead of $639,000 Budgeted direct-labor cost of $480,000 Actual direct labor cost of $500,000 Total debits in the Work-in-Process Inventory account of $1,880,000 Total credits in the Finished-Goods Inventory account of $920,000 Beck uses a normal cost system and applies manufacturing overhead to jobs on the basis of direct labor cost. On December 31, Job #18 was the only job that remained in production. It had been budgeted at $24,000 for direct material and $76,000 for direct labor, and actual costs incurred through 12/31 were $16,500 for direct material and $36,000 for direct labor. Calculate the balance the company would report as ending Work-in-Process Inventory. Group of answer choices $0 $52,500 $45,000 None of the other answers are correct $97,500

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