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  3. road warrior corporation began operations early in the current year...

Question: road warrior corporation began operations early in the current year...

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Road Warrior Corporation began operations early in the current year, building luxury motor homes. During the year, the company started and completed 50 motor homes at a cost of $60,000 per unit. Of these, 48 were sold for $100,000 each and two remain in finished goods inventory. In addition, the company had six partially completed units in its factory at year-end. Total costs for the year (summarized alphabetically) were as follows: Direct materials used Direct labor General and administrative $ 721,000 841,000 500,000 expenses Income tax expense Manufacturing overhead Selling expenses 100,000 1,650,000 500,000 e. Compute the ending inventories for the current year. 1. Ending inventory of work in process 2. Ending inventory of finished goods

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