The following information has been provided by New Age, Inc
Direct Labor $25,100
Direct Materials Used 11,000
Raw Materials Purchased 16,710
Cost of Goods Manufactured 49,000
Ending Work-in-Process Inventory 11,200
Corporate Headquarters' Property Taxes 1,500
Manufacturing Overhead 19,350
Calculate the beginning balance of the Work-in-Process Inventory account.
A) $93,250
B) $60,200
C) $4,750
D) $44,250
C .C)
Cost of Goods Manufactured $49,000
Direct Materials Used (11,000 )
Direct Labor (25,100 )
Manufacturing Overhead (19,350 )
Ending Work-in-Process Inventory 11,200
Beginning Work-in-Process Inventory $4,750
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