Bayanihan company is a manufacturing entity which manufactures canned goods. with regard to their work-in-process inventory, the following information has been obtained cost of direct materials used in production 900,000 direct labor 100,000 manufacturing overhead 200,000 conversion costs incurred in the first quarter of 2021 (completion date of the wip): 80,000 selling price of the wip when finished 1,210,000 total costs to sell the wip when finished 50,000. for the year ended de
c. 31, 2020, how much should the work in process inventory valued at