The following information has been provided by New Age, Inc.:
Direct Labor $ 25,800
Direct Materials Used 10,000
Direct Materials Purchased 16,990
Cost of Goods Manufactured 48,750
Ending Work-in-Process Inventory 11,200
Corporate Headquarters' Property Taxes 2,000
Manufacturing Overhead 19,200
Calculate the beginning balance of the Work-in-Process Inventory account.
(A) $ 59,950
(B) $ 43,800
(C) $ 92,550
(D) $ 4,950
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Home » Business » The following information has been provided by New Age, Inc.: Direct Labor $ 25,800 Direct Materials Used 10,000 Direct Materials Purchased 16,990 Cost of Goods Manufactured 48,750 Ending Work-in-Process Inventory 11,200 Corporate Headquarters'