The Following Information Has Been Provided by New Age,Inc Calculate the Beginning Balance of the Work-In-Process Inventory Account

question 211

Multiple Choice

The following information has been provided by New Age,Inc.: $\begin{array} { | l | r | } \hline \text { Direct Labor } & \$ 25,100 \\\hline \text { Direct Materials Used } & 11,000 \\\hline \text { Direct Materials Purchased } & 16,710 \\\hline \text { Cost of Goods Manufactured } & 49,000 \\\hline \text { Ending Work-in-Process Inventory } & 11,200 \\\hline \text { Corporate Headquarters' Property Taxes } & 1500 \\\hline \text { Manufacturing Overhead } & 19,350 \\\hline\end{array}$ Calculate the beginning balance of the Work-in-Process Inventory account.

• A) $93,250
• B) $60,200
• C) $4750
• D) $44,250

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Definitions:

Nucleoside Reverse

likely refers to nucleoside reverse transcriptase inhibitors (NRTIs), which are medications used to treat HIV and other viruses by inhibiting the reverse transcriptase enzyme.

Non-Nucleoside Reverse

A class of antiretroviral drugs used to treat HIV by inhibiting the reverse transcriptase enzyme without mimicking nucleosides.

HIV Replication

The process by which the Human Immunodeficiency Virus duplicates its genetic material within a host's cells, spreading the infection.

Viral Protein

Proteins coded for by viral genes that are critical for the virus life cycle, including structure, replication, and evasion of host defenses.