Answer:
Work in process= $192,000
Explanation:
Giving the following information:
Direct materials used in production 40,000
Direct labor 10,000
Variable manufacturing overhead 2,000
Fixed manufacturing overhead $ 140,000
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Work in process= 40,000 + 10,000 + 2,000 + 140,000
Work in process= $192,000