If Beginning Work-In-Process Inventory Is $120,000, Ending Work-In-Process Inventory Is

question 216

Multiple Choice

If beginning work-in-process inventory is $120,000, ending work-in-process inventory is $160,000, cost of goods manufactured is $400,000 and direct materials used are $100,000, what are the conversion costs?

• A) $140,000
• B) $280,000
• C) $300,000
• D) $340,000