Brazel’sFurniture Company recorded the following transactions during themonth of September.
Purchased $8,000 of raw materials on account
Moved $10,000 of materials into production
Paid various overhead costs of $6,000
Paid rent for the current month of $5,000
Accrued direct labor cost of $6,000 that will be paid in thefollowing month
Earned unearned revenue of $9,000 in the month. FGInventory value was $4,000
Finished the manufacture of furniture in the month valued at$19,000
Paid various period costs in the amount of $7,000
Sold furniture for $30,000. 60% for cash, the remainder oncredit. Mfg cost: $14,000.
Acquired $25,000 of machinery. $5,000 cash, the remainderfinanced by the bank.
Beginning balancesare as follows:
Dir.Mat.$ 5,000UnearnedRev.$ 9,000
18. What is Brazel’s endingWIP balance?